theforexportal

EUR/AUD - turning BEARISH?

FX:EURAUD   Euro / Australian Dollar
17 views
2
17 0
The difference a week makes. Last week this pair looked quite strongly BULLISH but 1.3923 now looks to be a significant level. On the H4 charts the 200 and 100 sma meet at 1.3923.
Unless EUR/AUD can rise above and hold above this level then the picture looks BEARISH .
A break and hold above this level and the picture turns BULLISH .

Trade idea.
Look to SELL if price stays below 1.3923
Look to BUY if price stays above 1.3923.
Look to SELL at 1.4069.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows 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 Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out