Mihai_Iacob

EurAud with my 1.63 target in sight

Short
FX:EURAUD   Euro / Australian Dollar
In my 20 September post, I wrote that EurAud could correct further and eventually reach 1.63 important support zone.
Indeed, after a test of the indicated resistance at that moment, the pair dropped again to new support at 1.6450-1.6470 zone.
Yesterday the rally was met once again with selling power shy under 1.66 and now we are again at support.
All recent price action suggests down continuation and I expect a break under 1.6450 support.
In this case, my 1.63 target is the most obvious one and also the most probable.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.