PipRunner
Long

EURAUD MONTHLY SUPPORT

FX:EURAUD   Euro Fx/Australian Dollar
38 1 1
Strong support resisting any breakthrough.
Double hammer price action confirmation.
Retrace back to 61.8 fibs
I think the SL is too large based on the recent behaviour of this pair. If it comes down to the bottom it might very well try to touch 1.434 lvl thats almost 135 pips from the current entry. Is it too bad to enter with a conservative SL of say 10-15pips? Amazing R/R returns when we rail upwards and looks like the perfect spot to do that
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