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Mihai_Iacob

EurAud could drop from resistance

Short
Euro / Australian Dollar (OANDA:EURAUD)  
Mihai_Iacob  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD euraudanalysis Forex forexsignals signals
19
9
trendanalysis chartpattern indicator euraud euraudanalysis forex forexsignals signals
A month ago I said that EurAud could rise to resistance, suggesting at that time a very good risk: reward trade.
Indeed, the pair has risen to resistance and now is starting to roll back down.
Again a good risk: reward trade could be achieved and traders could look to sell rallies against 1.62

My previous idea for EurAud:

EurAud approaching strong support, Great R:R trade in sight
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