EURAUD SHORT SETUP
EURAUD looks overextended after a significant rush of buying, reaching major resistance.
We expect a reversal from here towards the major fib levels, with MACD momentum not as strong as the previous rise.
High risk:reward trade
Short @ ~1.6130
TP:
1. 1.5950
2. 1.5885
SL:
1.1620
We expect a reversal from here towards the major fib levels, with MACD momentum not as strong as the previous rise.
High risk:reward trade
Short @ ~1.6130
TP:
1. 1.5950
2. 1.5885
SL:
1.1620
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