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Short

EUR/AUD - possible short

FX:EURAUD   Euro / Australian Dollar
117 0 1
As we can see at the chart, this week the price is testing supply zone placed at 1.4500/95. This zone is correlated with 38.2% Fibio and signal at CCI . If the price will take out from this area and won't make engulfing , we should expect move back to support at 1,42. This scenario is preferred. But if the price will break up the supply confluence, we can expect the move up to next supply zone with 50% Fibo placed at 1.48.
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