FxWirePro
Short

EUR/AUD breaks major support at 1.5355, targets 1.5192 (100-DMA)

FX:EURAUD   Euro / Australian Dollar
250 3 10
EUR/AUD             has broken major trendline support at 1.5355 and is currently trading around 1.53 levels as Aussie spiked post-RBA decision.

RBA Board decided to leave the cash rate unchanged at 1.75 per cent, noting that policy would be consistent with sustainable growth in the economy and inflation returning to target over time.

Intraday bias for the pair is lower, EUR/AUD             on track to test 100-DMA at 1.5192, break below could see 1.51 levels.

Focus now turns towards the Chinese trade figures due to be published tomorrow.

Immediate resistance is 1.5355 ( trendline ), while support is seen at 1.5238 (June 1st lows) ahead of 1.5192 (100-DMA).

Good to sell rallies around 1.5310/1.5315, SL: 1.5355, TP: 1.5340/ 1.53/ 1.5290
Comment: Correction : TP: 1.5240/ 1.52/ 1.5190
Trade closed: target reached: Pair takes 100-DMA support (@ 1.5190) and has edged higher.

Further weakness only on break below.
Compared to your hard working, this typo is NOTHING to worry about. Uwlc.
Reply
Good Morning Sir; I guess you made a typing error in your trade set-up numbers. TP levels should be 1.5240 / 1.52 / 1.5190, I guess.
Your followers may notice this when reading your analysis. But some may look at the bottom only. May be you will make a correction .
Have a nice day. Regards.
Reply
Thank you ... was a typo ... my bad ... :)
Reply
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