EUR/AUD is testing lower levels

EUR/AUD is testing lower levels

Trade idea

SELL 1.5780; TP1 1.5730; TP2 1.5660; SL 1.5795

EUR/AUD rose to the 50-week MA around 1.5855 (weekly pivot) but then was rejected down. The pair’s testing support at 1.5780 (last week’s low). A decline below this level will open the way down to 1.5725 and potentially 1.5650. A return above 1.5800 will let the pair recover to 1.5850.  

EURAUD.png

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