CryptocademyHQ

EURAUD Heading Lower Next Week?

Short
FX:EURAUD   Euro / Australian Dollar
The EURAUD appears to have closed below channel support that extends from the February low. However, the 1.3900 support area isn't far below Friday's close.

I booked profit on my EURAUD short at 1.3907 last week for +190 pips. Depending on how Monday opens I'll be interested in shorting the cross again for a potential move back to the 1.3670 region.

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