EURAUD
Weekly/Daily: Price is in a downtrend direction.
H4: Price pushed a little bit higher to 1.67600 but was rejected from that level.
H1: Mini trendline was broken to the downside but price meets a strong rejection at @ 1.66400 level
My bias:
I believe that price would likely consolidate above and around the 1.66400 level. If price doesn't break this level to the downside, it might rise up to 1.66400 and 1.67600 as the next target.
If price breaks 1.66400 to the downside and comes back for a retest then the I may think of a high possibility to SHORT until 1.65900 as a first target, second target 1.65400, and finally 1.64700. Actually it depends on how the market decides.
H4: Price pushed a little bit higher to 1.67600 but was rejected from that level.
H1: Mini trendline was broken to the downside but price meets a strong rejection at @ 1.66400 level
My bias:
I believe that price would likely consolidate above and around the 1.66400 level. If price doesn't break this level to the downside, it might rise up to 1.66400 and 1.67600 as the next target.
If price breaks 1.66400 to the downside and comes back for a retest then the I may think of a high possibility to SHORT until 1.65900 as a first target, second target 1.65400, and finally 1.64700. Actually it depends on how the market decides.
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