ForecastCity

Don't miss the great sell opportunity in EURAUD

Short
FX:EURAUD   Euro / Dollar Australien
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.6688). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 1.6447
TP2= @ 1.6353
TP3= @ 1.6250

SL= Break above R2

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