SHORT on 30 Mins
Updated
EURAUD broke out the down-trend line and is strongly supported by 1.5820. That should confirm the rise trend is continue and will test the strong resistance at 1.5915, the 38.2% retracement of 1.6020 to 1.5750. However, if it fails to break out 1.5915 again, the pattern will be confirmed that the rebound from 1.6020 re-starts. Further decline should seen to 1.5820 and 1.5800. If these supports are lost, 1.5745 is the final target. Upside, though, break of 1.5915 will turn focus back to 1.5955 and 1.6020 support instead.
The target is 1.5745.
Turning point: 1.5915.
Under 1.5915, bearish , target price is set at 1.5820, then 1.5745.
Above 1.5915, bullish , target price is 1.5955, then 1.6020.
RSI technical indicators are bullish supporting it to test 1.5915.
Prior Strategy:
The target is 1.5745.
Turning point: 1.5915.
Under 1.5915, bearish , target price is set at 1.5820, then 1.5745.
Above 1.5915, bullish , target price is 1.5955, then 1.6020.
RSI technical indicators are bullish supporting it to test 1.5915.
Prior Strategy:
Comment
TP1 reached.Disclaimer
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