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morrisgitau
Jan 13, 2024 6:20 AM

EURAUD 

Euro Fx/Australian DollarFXCM

Description

On the monthly charts we have abearish trend targeting the monthly low.
On the weekly charts we have registered a change of character on the long term trend. We have confirmed the reversal from bullish to bearish.
On thedaily charts we have an internal break awaiting break of key levels to confirm sell limit orders.
On the 4 hour charts we have a minor bearish correction, once the correction endsand we have confirmation, we shall look for sell limits targeting the demand at 1.6 price handle

Trade active

Price is on course to take out the unmitigated demand at 1.60.
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