Possible new support on 1.34980, if price follows this, then possible long hold to the next resistance on 1.35132. SL would be right under the break of the possible support
SL= 1.34870
From the information given like;
-strong resistance from the 1.474 line
-Weak support, causing multiple fakeouts
I predict that the price action will hit the main pivot point (1.3429), after this we will see resistance, then a break on the support line, following this we will see the next STRONG support line (1.11871), followed by a ranging market
From the information given like;
-strong resistance from the 1.474 line
-Weak support, causing multiple fakeouts
I predict that the price action will hit the main pivot point (1.3429), after this we will see resistance, then a break on the support line, following this we will see the next STRONG support line (1.11871), followed by a ranging market
I think that EURAUD is a very overbought/ bullish market, we will soon see a crash after hitting that R1, then falling to its strongest support, then giving us a good entry point for a long trade