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Hello traders!
I'm looking at EURAUD pair which started to form double top pattern.
Same level was rejected yesterday and down candle spread was engulfing few previous candles. It's an early entry but 10ema is broken and we have really nice price action so I'm selling at around current levels with stop at 1.52555 and first target of recent lows and first major support at 1.48155. If we will see some sharp moves I can move take profit lower but we need to wait and see.
EUR is looking weaker across the board so we might see some bearish move for this currency on other pairs as well. I assume it's preparation for coming ECB meeting.
Good luck all!
Cholia
I'm looking at EURAUD pair which started to form double top pattern.
Same level was rejected yesterday and down candle spread was engulfing few previous candles. It's an early entry but 10ema is broken and we have really nice price action so I'm selling at around current levels with stop at 1.52555 and first target of recent lows and first major support at 1.48155. If we will see some sharp moves I can move take profit lower but we need to wait and see.
EUR is looking weaker across the board so we might see some bearish move for this currency on other pairs as well. I assume it's preparation for coming ECB meeting.
Good luck all!
Cholia
