FxWirePro
Short

EUR/AUD holds major trendline support 1.5465, short break below

FX:EURAUD   Euro / Australian Dollar
143 0 7
EUR/AUD             was rejected at highs by 1.5645 on Tuesday's trade and closed below 5&10 DMAs at 1.5508.

Tuesday's candle shows inverted hammer formation on daily charts . Pair trades a narrow range into the European open.

There was breach of major supports on the 4 hourly charts: 1) Trendline @ 1.5518 and 2) 4H 50-SMA @ 1.5521.

Pair is currently holding major trendline support at 1.5465, break below would see downside upto 1.5380 levels.

On the daily charts stochs roll-over seen from overbought territory, RSI is biased lower and MACD line shows a bearish crossover on signal line.

Good to go short on break below 1.5465, SL: 1.55, TP: 1.5424/1.54/1.5380
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out