EUR/AUD Bulls are Taking Over

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/AUD is bullish. The price should go up.

We can see that the price is at M L3 support. It is bouncing off, forming the momentum candle. We could also see the hammer below. The 1.5860 zone is the bouncing spot and we can see the price getting closer to Marubozu candle formation. If we see the trend and momentum persists, the next target is M H3 6069.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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