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Short EUR/AUD setup looking for retest of 1.6000
Euro / Dollar Australia
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Short EUR/AUD setup looking for retest of 1.6000
Oleh FOREXcom
Broker
Ikuti
Ikuti
18 Okt
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18 Okt
Thursday's bearish engulfing candle has seen the price move below 1.6188, a level that has acted as both support and resistance over recent weeks.
If the price can remain beneath this level into the European open, consider shorting below with a stop above for protection.
The initial target would be 1.6115. If that were to give way, a retest of 1.6000 could be on the cards.
Good luck!
DS
Candlestick Analysis
Oscillators
Support and Resistance
FOREXcom
Broker
Ikuti
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