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thecurrencysniper
Jan 24, 2015 12:41 PM

EUR/AUD SHORT Short

Euro Fx/Australian DollarFXCM

Description

My bias on this pair has been short for some time and i cant see it changing for the time being. I have already been shorting this pair and scaling in with long term tp targets in sight. I believe a break below the 1.8139 level could see this pair fall to first around the 1.3 level and a break of this could see the pair fall to 1.22 and possibly even further below. There are -27 fib extension and -61.8 fib extension levels which add confluence to my targets as well as them being strong support areas.
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