Fxwirepro: Eur/aud Achieves Both Targets, Momentum Still With the Bulls, Raise Trailing Stops, Target 1.5420

• After breaking the channel top at 1.5105 EUR/AUD has broken above 1.52 levels (38.2% Fib of 1.6585 to 1.4347 fall) which was capping the upside on Wednesday.
• Our long call has achieved both targets (http://www.econotimes.com/FxWirePro-EUR-AUD-breaks-above-channel-top-gains-till-15277-likely-138582).
• We see further momentum in the pair which could take it to 1.5420 and then 1.5466 (50% Fib of of 1.6585 to 1.4347 fall) levels.

Recommendation: Book partial profits, raise trailing stops to 1.52 levels, TP1: 1.5420, TP2: 1.5460

The material has been provided by InstaForex Company – www.instaforex.com