EURAUD failed to break out the resistance at 1.6360. We may reasonably anticipate a trend reversal at least until 1.6100 in the next days. The bullish trend line daily is a perfect target for this trade around 1.5950. As it could act like a support, the pair could trigger a bounce on this level.
Entry: 1.6280 Stop loss: 1.6400 (Above top of the channel) Take profit: 1.5950 (38.2 fibonacci)
Partial profit taken when price reach 23.8 fibonacci Stop loss moved to break even when partial profit is taken
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Partial profit taken at 1.6100: +180 pips Stop loss moved to break even