EUR/AUD Signal- January 16, 2013

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By: DailyForex.com

Currency: EUR/AUD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: The EUR/AUD pair had climbed above the Ichimoku Cloud on the 4-hour chart and I believe the pair finished its pull back at 1.2564. Now the pair is ready to climb higher. We also have bullish Tenkan Sen – Kijun Sen crosses on both 30M and 4H charts.
Recommendation: Long
Target Area: 1.2695
Stop-Loss: 1.2560

EURAUD Signal 11613

Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.