EURAUD – Sellers trending is on the way and the reason could be Trend: Strong Sell Support/Resistance: R3: 1.61423 R2: 1.61139 R1: 1.60770 S1: 1.60108 S2: 1.59538 Price action: From previous day sellers led and give us a reason to sell even more, but the price has to hold below resitance level at 1.60770. Sellers targets are next to first and lower to second buyers support where buyers might give us information about their next move. If the price change first resistance level to support, then buyers might test second resistace level at 1.61139. Potencial trade idea: Bulls targets: T1: 1.60770 Bears targets: T1: 1.60108 T2: 1.59538
NOTE – We are trading EURAUD via the preferred trading setups
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