Across the board, I am seeing Weakness for all Euro Pairs. EURAUD, I believe is another pair which is about to drop. If we zoom out we can see sort of a Crab Pattern formation forming. Strong supply levels and double top in the ~1.62 zone. Price action on the daily is showing weakness on the last few daily closes. Stop loss is above the previous high on the 24th. Take profit is targeted around the ~1.44 level.
Risk/Reward: 1:5.5
-Safe Trading and Best Regards
Risk/Reward: 1:5.5
-Safe Trading and Best Regards
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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.