EURAUD – Sellers trending is on the way and the reason could be
EURAUD – Sellers trending is on the way and the reason could be
Trend: Strong Sell
Support/Resistance:
R3: 1.61423
R2: 1.61139
R1: 1.60770
S1: 1.60108
S2: 1.59538
Price action:
From previous day sellers led and give us a reason to sell even more, but the price has to hold below resitance level at 1.60770. Sellers targets are next to first and lower to second buyers support where buyers might give us information about their next move.
If the price change first resistance level to support, then buyers might test second resistace level at 1.61139.
Potencial trade idea:
Bulls targets:
T1: 1.60770
Bears targets:
T1: 1.60108
T2: 1.59538
NOTE – We are trading EURAUD via the preferred trading setups
ELITEFXACADEMY
Trend: Strong Sell
Support/Resistance:
R3: 1.61423
R2: 1.61139
R1: 1.60770
S1: 1.60108
S2: 1.59538
Price action:
From previous day sellers led and give us a reason to sell even more, but the price has to hold below resitance level at 1.60770. Sellers targets are next to first and lower to second buyers support where buyers might give us information about their next move.
If the price change first resistance level to support, then buyers might test second resistace level at 1.61139.
Potencial trade idea:
Bulls targets:
T1: 1.60770
Bears targets:
T1: 1.60108
T2: 1.59538
NOTE – We are trading EURAUD via the preferred trading setups
ELITEFXACADEMY