Monday 21 November 2016



EURAUD,MONTHLY

TECHNICAL ANALYSIS

The monthly chart has a cup and handle formation. Continuation to the upside will be confirmed by a close above R. The price momentum up L should preferably be strong just as the previous swing K for price to reach the 1.81747 resistance zone marked T.  If the L swing is weak, the R resistance zone is likely to hold the price. Close below S disqualifies the setup.



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