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Euro / Australian Dollar
Short

Short Setup Emerges on EURAUD

By cfdtrading_news
A few very favorable signs here for bears: price is pulling back to a resistance level, where it is forming a reversal candlestick pattern; this is also where the 200 EMA is, and where a 61.8% Fibonacci retracement level finds itself if one uses the most recent swing high and low points on the daily chart. That's my cue to enter! My entry order is at 4530, with my stop at 4680; my target profit is the recent swing low at 3808.

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EURAUD
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