OANDA:EURAUD   Euro / Australian Dollar
EURAUD has hit a crucial price testing point of (1.61454) we have seen rejection at this price two times before. Multiple rejections at a price point indicate a reversal. if we start to see a bullish takeover we will look to take a long position. If we see price rejection and a bearish presence then we will look to take a short position. Could potentially see some consolidation before we see some major price action.

The price hasn't been this high since 21 Dec 2009 so we won't rule out the fact we can see a bullish presence and potentially push past (1.61454)


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