Hi everyone!
EURAUD could see a limited push up to test its resistance zone at 1.58516 which lines up with the 78.6% retracement. This area was the previous high where we saw a reversal in price and could present an opportunity for us to play the drop. Stop loss is placed slightly above the recent spike and take profit target lines up at the 61.8% and -27.2% retracement. What are your thoughts on EURAUD?
EURAUD could see a limited push up to test its resistance zone at 1.58516 which lines up with the 78.6% retracement. This area was the previous high where we saw a reversal in price and could present an opportunity for us to play the drop. Stop loss is placed slightly above the recent spike and take profit target lines up at the 61.8% and -27.2% retracement. What are your thoughts on EURAUD?