OANDA:EURAUD   Euro / Australian Dollar
will we break this level today? We’ve respected support here 4 times since the beginning of December. We’ve caught the first 3 bounces however didn’t end up pulling the trigger on the last one as I believe it’ll break soon.

I’ll be waiting for the 4 hour close to see if we close above support and the 0.382 fib level then I’ll consider longs. if close below, I’ll be shorting toward 1.6000.

We have some red news today also for the EUR so fundamentals could definitely play a part in this. Let’s see how this pans out at 12:45.

THESE ARE STRICTLY MY IDEAS BEFORE EXECUTING TRADES.

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