Forex pair EURAUD finished weekly candle above strong resistance zone 1.40900, now this is new support. We have a nice weekly pattern for buying opportunity, weekly BUOB Bullish Outside Bar.
Price 1.40900 is 50% retracenemt of the lowest price 2012 / 1.15859 to the highest price from year 2015 / 1.65842.
Next week we expected retest of the new support 1.40900 and then fast move to the next weekly resistnace zone 1.44104.
But be very carefuly, because now price is at a risic zone.
Next opportunity is retest of the weekly support 1.38807 and then break to the next support level at price 1.36919.
Honewer, at monday we will only waiting for the next price reaction and then looking for the buying opportunity.