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EUR/AUD Short Term outlook

FX:EURAUD   Euro / Australian Dollar
119 4 1
EUR/AUD             recovered from low of 1.3703 and reached till 1.39610. It is facing resistance around 1.39750 ( trend line joining 1.4018 and 1.4106) and 1.3994 (200 day 4HMA).

Overall trend reversal happens if it closes above 1.4000 level.

On the downside minor support 1.3850 and break below 1.3770/1.3705.

Indicators (4 Hour chart)

Woddies CCI (14) – Neutral

CCI (50) – Sell

Ichimoku- Sell

We prefer to sell EUR/AUD             around 1.3900-20 with stop around 1.4000 for the target of 1.4705.
It is good to sell on rallies for the target of 1.3700
Reply
dhenal_r FxWirePro
snapshot

its a long to me.
Reply
target of 1.3705 you mean?
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