By: DailyForex.com
Currency: EUR/AUD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: The EUR/AUD pair has managed to climb above the Ichimoku Cloud on the weekly chart indicating that the bulls are firmly in control. Pattern on the 4-hour chart suggests the recent retracement is over and the pair is ready to resume its up trend.
Recommendation: Long
Target Area: 1.3150
Stop-Loss: 1.2900
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