Following my previous EURAUD analysis, the pair continues trading near the support level S1 (1.5475) and yet no daily close was below that level. As price hasn't reached the target at R1 (1.5900) and hasn't broken (closed day) below the S1 support yet, consider buying EURAUD at the current level. The stop loss should be placed slightly below the most recent high. Alternatively, the exit signal could be the daily close below 8th of January low.
Support: 1.5475
Resistance: 1.5900
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/AUD for January 13, 2016 . Thanks for your support.
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