EURAUD sideways movement

Momentum and trend is sideways.

On the Daily Time frame
- Moving averages sideways
- Upperside of range is 1.6558 and bottom side of range is 1.6111
- Centre line at 1.6340
- MACD is above zero line but in red. Slight downside pressure.

On the H4 chart
- Price within a triangle.
- Currently looking to test the upper side of the triangle. Possible upside at 1.6475
- MACD is in green and rising but still below the zero line.

Conclusion
- Apply range trading strategies.

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Ardy
Founder /Chief Currency Strategist
www.forexachievers.com
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