EURAUD Daily perspective

Category: Fundamental News

INSTRUMENT: EUR/AUD
ANALYSIS: In the 4hr chart, the price hit the 113% Fibonacci extension level at 1.6329 and reverses downward. Currently, the price is at the 50 SMA and we will be looking for a break below it and find our next target at 100SMA and also at 86.6% Fibonacci level. A break above the recent high invalidates the analysis.
PREFERENCE: Bearish

Published: 2018-09-18 05:15:57