EUR/AUD

The primary trend of EURAUD is bullish on charts. In its daily chart, the pair is sustaining above the trend line. Prices are consolidating with strong positive bias and is taking resistance at 50 DMA restricting its further up-trend. However, if it breaks its resistance level of 1.5821 & sustains above it then it is expected to show further upward movement in next few days.

INDICATORS:-
RSI - Prices are sustaining in buying territory, supporting the upside movement in the market.

STRATEGY:- GBPUSD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.