EURAUD SELL PROJECTIONAfter a smooth rally upward, E URAUD is primed to reverse from 1.6581 , which was our original target from the previous buy setup. This level now serves as unmitigated supply from weeks prior and aligns with the 161.8% Fib extension of the current rally.
We’re planning to sell from 1.6581 down to 1.6250 , a key demand level within the broader bullish trend. Our stop-loss will be kept moderate at 1.6625, providing a solid 1:8 risk-to-reward ratio.
Stay tuned here for more setups and projections!