#EurAud to break resistance, 1.62 is still my target
In my previous analysis on EurAud I said that as long as 1.56 is intact, the pair is in an uptrend and once 1.5850-1.5900 resistance is cleared, the pair can continue its rise to the next important resistance at 1.62.
Last week EurAud dropped to confirm again 1.56 as support and today we can clearly see that dips are bought
I expect a break up sooner rather than later and only a daily close under support will negate this bullish scenario
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Mihai Iacob
Forex, Gold and Crypto trader
