EURAUD Long Term Sell @ 1.58000 - 2018-07-08

FX:EURAUD   Euro / Australian Dollar
Very excited for this move finally. To start, it's only fitting to mention the perfect 61.8 retracement area that seems to be holding very well. To add, we see this 61.8 occur at the same position as another strong weekly support and resistance area at 1.58000, furthering the belief of a potential reversal. I will be waiting for the first impulse to the downside and then the retest to support again before I will place my entry. A proper entry could be ready by the middle of this week and could be accelerated by the RED news to occur on Monday morning for the Euro . I have a feeling this pair will be feeding us for a long time!


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