EURAUD Possibilities
The pair tested the current resistance at 1.61900 and it moved away to 1.60600. A retest is currently on occuring. There is a possibility of a LONG position if the resistance is broken towards the upside but before an entry is confirmed:
There must be a retest after breaking the structure to confirm the bullish move above the .61900.
The opposite is true if the current structure is respected and the resistance is not broken. A SHORT position will be a posibility.
There must be a retest after breaking the structure to confirm the bullish move above the .61900.
The opposite is true if the current structure is respected and the resistance is not broken. A SHORT position will be a posibility.
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