The price is trading in a tight range and near the trendline.
The power of support of recent uptrend is limited and pull-back is weak.
I tend to short EURAUD around 1.5860 which is the 23.6% Fibo retracement.
The power of support of recent uptrend is limited and pull-back is weak.
I tend to short EURAUD around 1.5860 which is the 23.6% Fibo retracement.
Note
Correct: 38.2% Fibo retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.