By: DailyForex.com
Currency: EUR/AUD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: It seems that the EUR/AUD pair has finished its recent correction as the pair managed to reverse after hitting the Ichimoku Cloud on the daily time frame. Both 30m and 1H charts turned bullish suggesting that the pair is ready to resume its up trend.
Recommendation: Long
Target Area: 1.3190
Stop Loss: 1.2730
