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Short

EURAUD Breakdown

FX:EURAUD   Euro Fx/Australian Dollar
-Price today has made a fairly convincing mover after failing to consolidate through a potential support / trend-line zone.
- Entry was triggered at 1.44980.
- First target is 1st support at 1.42091. Second target is 1.37816.

I will however be very cautious on this trade. This pair has been in free-fall mode for a while now, surely we will see a fight at some point. AUD performed well last trading week against the US and i'm keeping my eyes on the precious metals charts.
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