EURAUD Daily perspective (24/09/2018)

Category: Fundamental News

INSTRUMENT: EUR/AUD
ANALYSIS: In the 4hr chart, the price opened above the last week closing price creating a gap. However, we will be expecting the price to test the 200SMA and also to retrace 38.6% Fibonacci level of the previous move and continue its downtrend toward 141% Fibonacci extension level. A rise above the previous high invalidates the analysis.
PREFERENCE: Bearish

Published: 2018-09-24 06:43:31