EUR/AUD May fall 50-100 pips
Price moving in a downwards trend near support at 1.7831 and unlikely to hit resistance at 1.8219. Price should bounce off the trend line and continue downwards.
Intraday - 4H
Trade: Sell
Entry 1.7782
Sell or Below: 1.7831
Target TP: 1.7730 & 1.7532
Pivot and Support 1.7831
Alternative scenario:
Trade: Buy
Bur or Above: 1.7831
Target TP: 1.8219 & 1.8433
Price moving in a downwards trend near support at 1.7831 and unlikely to hit resistance at 1.8219. Price should bounce off the trend line and continue downwards.
Intraday - 4H
Trade: Sell
Entry 1.7782
Sell or Below: 1.7831
Target TP: 1.7730 & 1.7532
Pivot and Support 1.7831
Alternative scenario:
Trade: Buy
Bur or Above: 1.7831
Target TP: 1.8219 & 1.8433