Jan 26, 2017 - Chart of the day: EURAUD could bounce from the bottom

During the recent months EURAUD tested lows around 1.4100-50 several times and seems that the long term declining trend is lossing momentum. Recently the cross slipped down to 1.4022 but was quickly rejected and returned back above 1.4100 and gives a hope that it could bounce back from this demand zone soon continuing to the upside ... let's see...

Good Luck and remember to watch your risk and be consistent.

Mr. Tech Man

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. 

Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com