Looking to Long EURAUD at Fibo Retracement 61.8
Mis à jour
Euro dropped last week due to ECB extension of bond purchasing and Spain-Catalonia political uncertainties. Nevertheless, Aussie also dived significantly last week due to weak inflation data.
Based on technical analysis, EURAUD is testing the impulse leg fibo R 61.8. Currently the market is in range and is waiting for more signal to dive lower or reverse. If on H1 it breaks and closed above 1.5137 I will looking for long opportunity, and if it breaks and closed below the 61.8 level, this analysis will be invalid.
The reward to risk for this is 4:1
Based on technical analysis, EURAUD is testing the impulse leg fibo R 61.8. Currently the market is in range and is waiting for more signal to dive lower or reverse. If on H1 it breaks and closed above 1.5137 I will looking for long opportunity, and if it breaks and closed below the 61.8 level, this analysis will be invalid.
The reward to risk for this is 4:1
Ordre annulé
Market break below the yellow support level
Clause de non-responsabilité
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