Below is my take on EURAUD. The momentum is getting weaker as it approaches the psychological level which had turned out to be the previous resistance. I am looking for a sell from this level after a confirmation of a downtrend. However, if it breaks the previous resistance, upon retesting, I will be looking for a buy to the next psycho level.
Let's watch out from here.
Let's watch out from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.