EvanJones
Short

Euro ready for the sells based on previous rallies

FX:EURAUD   Euro / Australian Dollar
42 1 0
Last week the ECB drove the Euro             into a Buyers frenzy, however the overall trend is down and these trendlines have a number of touch points giving me confidence that this downtrend shall resume.

I'm short with stops above the recent lower highs made on Thursday of the past week with a target somewhere mid-channel.

Alternatively, if the upper trendline is broken then I suspect a break and retrace to this trendline is made before entering long, however my believe based on my analysis that we are heading south on this instrument
Please noteI will launching my website with some jam packed features early next year, sign up to find out more: http://www.ejfxtrading.com
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