Hi moneymakers,
Setup for EURAUD, we found resistance/retested very nice on ALL the levels of fib except for the 38 yet.
There also seems to be a strong level of previous support, wich now turns resistance on the 38 fib.
So from here i am expecting a push down wich also is in line with the fundamental data for now.
We will short EURAUD very soon if price action shows us a valid entry.
Setup for EURAUD, we found resistance/retested very nice on ALL the levels of fib except for the 38 yet.
There also seems to be a strong level of previous support, wich now turns resistance on the 38 fib.
So from here i am expecting a push down wich also is in line with the fundamental data for now.
We will short EURAUD very soon if price action shows us a valid entry.