Quick and simple one this time, EURAUD looking bearish for the coming week. Price broke MS on the 1H and other multiple levels on the 15M TF so I'm looking for an RTO to the 1H OB or 15M area of interest created as a result of the expansive move downwards before it continues to fall down the the 4H OB at the bottom of the range which is expected to hold as a solid OB however if it becomes a breaker, we can re-evaluate market movement and plans for setups. This move is supported by multiple confluences so we should be expecting the downward move however the market can always decide to change it's mind and continue long so I would be careful of this move.
Trade closed: target reached