Yesterday price reacted nicely on that lower trend line and seems that we went back into phase 1 of weekly uptrend.

euraud-d

I still expect some retrace on yesterdays up move. 50% Fibonacci retrace caught my attention, where is also role reversal = blue line. Stochastics is also in oversold territory and crossing up already, so looks like all is ready to go up for couple of hundred pips.

There are Employment Change and Unemployment Rate news in Australia in future 12 hours. In EU there is no major red news.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.