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Mihai_Iacob

EurAud- towards 1.6 important support?

Short
Euro / Australian Dollar (FX:EURAUD)  
Mihai_Iacob  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Technical Indicators Chart Patterns EURAUD euraudshort euraudanalysis euraudsell euraudbearish euraudforecast
9
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trendanalysis indicator chartpattern euraud euraudshort euraudanalysis euraudsell euraudbearish euraudforecast
From the August top, AudUsd was trading downwards, with 4 lower highs and clear support at 1.6.
A daily close under 1.62 would announce a false break and would open the door for the 1.6 important psychological support

Strategy:

Sell the break
SL @ 1.6330
TP @ 1.6
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EurAud broke support
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