EURAUD SHORT UPON BREAK OR AFTER PULLBACK
Price broke the long term ascending daily trendline and has retested the it as well as the 50ema & 61.8 fib.
Currently price is sitting at support/demand zone so a pullback to 1.53137 (23.6 fib) may provide the opportunity to short.
However, a lower low is likely to be made, therefore shorts will be considered upon a break and retest of support at 1.51654.
Initial short target will be the -27 fib extension with is confluent with major historical support and resistance at 1.5000/1.5020, in addition to the 200ema.
Currently price is sitting at support/demand zone so a pullback to 1.53137 (23.6 fib) may provide the opportunity to short.
However, a lower low is likely to be made, therefore shorts will be considered upon a break and retest of support at 1.51654.
Initial short target will be the -27 fib extension with is confluent with major historical support and resistance at 1.5000/1.5020, in addition to the 200ema.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.