Bearish Rejection at top of Weekly Channel

Short

Euro / Australian Dollar (FX_IDC:EURAUD)

FX_IDC:EURAUD Euro / Australian Dollar

carry swaps EURAUD Parallel Channel Weekly Charts

carry swaps euraud parallelchannel weekly

EURAUD Has shown a bearish engulfing candle at the top of it's weekly candle, 76.4 Fib retracement and psychological 1.50 level. While below, expecting price to reach bottom of channel and 2013 Weekly resistance in the 1.31 area.

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