justatrader

EURAUD, retracement offers new levels to short from

FX:EURAUD   Euro Fx/Australian Dollar
114 1 6
Continuation to my EURAUD             long term trade analysis
Notes on chart.

Conclusion
Price is very likely to retrace to 1.40505 through 1.4141 level. Because the major trend is still down, I'll be looking to add to my short positions at 1.414 region, depending on how price turns out when it gets there.

1.435 is where my previous short entry is running so far.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
FXLookingbest
2 years ago
Very good analysis. I am also short at 1.4350
Reply
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