EURAUD - Quick bounce

Updated
In his way down the price just draw a descending wedge. It might be bouncing after it hit the 0.618. In this case, the first target should be the psychological number 1.60
Also check +DI and -DI on their way to cross and RSI heading upward in a channel.



I hope my analysis is useful for your next trades
Don't forget to hit the like button, I really appreciate it

Follow me for more ideas
100% Forex Market
Trade closed: target reached
ADXbounceupChart PatternsEURAUDTechnical IndicatorsintradaypriceactionpsychologicalroundnumbershorttermTrend Analysis

Disclaimer