Friday, April 17, 2009
EURAUD heading lower
EURAUD broke through major support. Attached is the daily chart for EURAUD and so far 1.81 had served as very strong support for the past 3-4 days but today, the support has been broken. I expect the fall to continue unless there is a retracement back above the support. Maybe a short now could have a good risk reward ratio. reverse the trade if the price crosses back above support.
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