SHORT EURAUD: around 1.586
The price is trading in a tight range and near the trendline.
The power of support of recent uptrend is limited and pull-back is weak.
I tend to short EURAUD around 1.5860 which is the 23.6% Fibo retracement.
The power of support of recent uptrend is limited and pull-back is weak.
I tend to short EURAUD around 1.5860 which is the 23.6% Fibo retracement.
Note
Correct: 38.2% Fibo retracement.
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