lmccormick
Short

Potential set-up on the EURAUD daily

FX:EURAUD   Euro / Australian Dollar
118 0 1
We may have a potential set up on the EURAUD             daily time frame based on simple horizontal support and resistance . The 1.50000 area has been a key pivotal zone constantly reversing its roles from support to resistance, and visa versa. If complimentary bearish price action, in the form of a BEOB             , then we could see price move to the next major support level of 1.45000. Though it will be a bumpy ride down with lots of minor support levels to get through.
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