Dear Traders,

On this daily euraud chart we can see clearly that this pair is in an up trend.

Starting at number one up to number seven we have consistent higher highs and higher lows.

Now I would like to wait for todays candle to close to see if the green 55 moving average manages to keep supporting price.

If it closes over the moving average then I would suggest a long trade with a stop loss bellow the moving average and a target at number 8 which would be the area of 1.62 to 1.63.

Stochastik seems to support a bullish move.

BEST OF PIPS