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EURAUD - Looking For Near-term Footing On Channel Support

EURAUD - Looking For Near-term Footing On Channel Support

Paul Robinson, Strategist

Talking Points:

  • EURAUD trading at 4-hr channel support, good risk/reward entry for long positions
  • Trade back below 14596 would negate this support
  • Resistance comes in at 14894 and 14977

EURAUD 4-hr:

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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