RonaldRayForeX
Short

EURAUD - Awaiting Breakout !

FX:EURAUD   Euro / Australian Dollar
33 views
3
Price is closing in on EURAUD
- Price has been Bearish September 2015 and We are now reaching KEY support Areas.

---
- Price can Either bounce off support 1.27 into Trend line Resistance then proceed to 61.8 Retracement on Monthly Timeframe .
OR
- Break Support 1.27 and Test 61.8 Retracement on the Monthly TImeframe , Retest back onto 1.27 and Go forth of Bearish Momentum to next support.

Confirmations.
all EMA's As resistance
50 Retracement on Monthly Support (slapped in the face, Excuse my English)
2012-2016 Trendline Support Broken Also.

---
I will be monitoring for potential Bearish Setups,
- EUR is not looking good at all

Let me know your thoughts :)





Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out