EUR/AUD - turning BEARISH?
The difference a week makes. Last week this pair looked quite strongly BULLISH but 1.3923 now looks to be a significant level. On the H4 charts the 200 and 100 sma meet at 1.3923.
Unless EUR/AUD can rise above and hold above this level then the picture looks BEARISH.
A break and hold above this level and the picture turns BULLISH.
Trade idea.
Look to SELL if price stays below 1.3923
Look to BUY if price stays above 1.3923.
Look to SELL at 1.4069.
Unless EUR/AUD can rise above and hold above this level then the picture looks BEARISH.
A break and hold above this level and the picture turns BULLISH.
Trade idea.
Look to SELL if price stays below 1.3923
Look to BUY if price stays above 1.3923.
Look to SELL at 1.4069.
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