EURAUD on a downtrend and approaching 2 supports, 1.57 and 1.56. 2 Important places where the downtrend could be broken.
-If both supports are broken potential short to 1.5445 for 150 pips.
-If a support does hold we need to wait for the break of the downtrend, when we have confirmation we enter on a long with 1.59/5.595 as the target.
-If both supports are broken potential short to 1.5445 for 150 pips.
-If a support does hold we need to wait for the break of the downtrend, when we have confirmation we enter on a long with 1.59/5.595 as the target.