EURAUD outlook#EURAUD
Price reacting to a zone and rejecting the zone looking for a break and retest. We have a trend line obstruction that we’ll need to break through. This downward move comes from a rejection of a channel on the daily. The first move I see is the continuation downward until we get to the weekly zone which will be difficult to break through.
My entry for a buy would come after a clean break through the yellow box and a retest between 1.58162 - 1.5832
(SELL)
Tp1: 1.58011
Tp2: 1.57833
Tp3: 1.57571
Tp4: 1.57251
If price pushes up and rejects near the trend line, which I see reacting to price near 1.58923
(SELL)
Tp: 1.58463
Tp: 1.58653
Tp: 1.58011
Tp: 1.57833
Tp: 1.57571
Tp: 1.57251
If we see price push up we’ll target the trend line as the move and break through the yellow box and a retest between 1.58162 - 1.5832
(BUY)
Tp:1.58522
Tp:1.58748
Tp: 1.58923
Consider the news tomorrow evening on AUD at 7:30pm est if the setup have not reacted by then.
