Last week saw this pair close under the 200m sma on the weekly time frame. This week sees this pair slide further under the 200 and as we have plenty of room to the downside as far as the RSI is looking, this looks a solid SHORT.
Currently we sit 50 pips under the 200 sma on M15 so we have a STOP at 1.4291 which is just above.
SHORT EUR/AUD from 1.4242 STOP 1.4291.
