EURAUD - Outlook 17 - 21 december

FX:EURAUD   Euro / Australian Dollar
Price is currently in the middle of 2 weekly zones which have both been tested at least 3 times.

The upper zone is a zone from Nov 2009 and has had some big drops in the past, because of this we may not see strength at this level.

We are seeing price respect a daily level, due to the zone below having been test 3 times, we could see price make a break lower to the fresh zone below which would give a better low risk long position.

Will want and see which way price moves


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