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FX.co ★ EUR/AUD trading recommendations for 8th June 2016

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Forex Analysis:::2016-06-08T00:31:00

EUR/AUD trading recommendations for 8th June 2016

EUR/AUD trading recommendations for 8th June 2016

EUR/AUD is on major fractal support (2x fibonacci projection level + 27% support on RSI) which leads us to play a bounce from here to the 38% retracement target of 1.5330. We can also see how the price has bounced off this RSI support level many times in the past beautifully.

Trading recommendations:

Buy now

Take profit at 1.5330

Stop loss at 1.5175

Analyst InstaForex
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