On the Weekly and Daily Timeframes for EUR/AUD, We see that we have a clear break and retest of the trendline with Bearish Followthrough and Momentum. I am looking to short EUR/AUD into the Monthly support level of 1.5500. A Retracement back into the Trendline Resistance Area is possible as well as A means to provided liquidty for further downside to occur
I am Short EUR/AUD following the Monday Forex Open