EUR/AUD is sitting at the 50% fib retracement on the Monthly timeframe. It just recently broke through the upward trendline on the Daily timeframe. After a clean breakout we see a beautiful bearish pin bar candlestick, rejecting off of the most recent support level on the Hourly timeframe and from the bottom of the trendline. Im already in this trade since last...
Looking to be long on EURUSD for the week. Just bounced off of the 61.8 fib retracement on the Daily, broke the trendline, and made a corrective move. USD is weak which is going to drive this pair up for a little. Lets see how it plays out.
