EUR/AUD - Short Opportunity

FX:EURAUD   Euro / Australian Dollar
We see a very strong support ( sorry I wrote Resistance on the chart) on the left side and as the chart violated that level, it is most probable that we see a retracement at around the same area. With the Fibonacci Tool I also identified a 0.5 level in the same zone and if we add that the RSI is showing that the market is currently overbought, we have very good confirmations that the most probable thing to happen is a strong downside move in the next few hours. I put my targets at around 1.3677 or the previous low and the stop loss at 1.3932, slightly higher than the previous high.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out