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DeGRAM | EURAUD long from support

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Euro / Dollar Australia (FOREXCOM:EURAUD)  
DeGRAM  
FOREXCOM:EURAUD   Euro / Dollar Australia
Trend Analysis Support and Resistance Trend Lines Forex signals trading priceaction marketmaker
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trendanalysis supportandresistance trendline forex signals trading priceaction marketmaker
The currency pair is testing the lower boundary of the ascending price channel.
Since the line is quite strong, the last 2 tests have been very clearly worked out as a support, so I expect an increase from this level to resistance 1.62.
False breakout possible.

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