InstaForex - Analytics

    InstaForex

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    EUR/AUD trading recommendations for 10th June, 2016 2016-06-10

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    Price made a bounce and reached our first target of 1.5300 yesterday before retracing and forming a really nice inverse head & shoulders reversal pattern. This goes very well in line with our bullish exit from our RSI's channel signalling a good rise from here. If price surpasses 1.5300 (which is still our first target), we can expect a much bigger correction from here to the 1.5400 area.

    Trading recommendations:

    Entry now

    Take profit at 1.5330

    Stop loss at 1.5175


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