bigbax699
Corporal
- Messages
- 49
Sunday so im looking ahead for the week beginning. Back to EURAUD and oh my days what a mover its been. The weekly resistance of 1.66 area that has been tested a few times and held over the last 5 years has well and truly been smashed. We breezed right past and upwards towards the round number of 2.00. but we rejected just before we got there. But as you can see from price action we have wicked up from the .786 fib level and it seems to be making that level a nice support shelf. Possibly for the next move upwards, you can see just above the highest price this pair has ever been at in 2009, will we get there again and break above? With australia just going into lockdown and the virus still spreading its certainly a possibility. Look for signs of a buy on that support level . Risk management as always GLIYF