A technical setup here on the EURAUD.
September has already seen a spike in volatility meaning risk assets such as the AUD could see some weakness.
The EURAUD has broken to the upside of a bull flag formation suggesting we could see a continuation to the upside.
EURAUD – 1 Hour Charts
Trade Setup: BUY Market Execution, current price 1.6265, stop loss 1.6180 and take profit 1.6378-1.6440.
Stop loss: 85 pips
Take profit: 113-175 pips