ddreamz
Short

EUR/AUD short opportunity

FX:EURAUD   Euro / Australischer Dollar
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Hi,

Here's my idea on EUR/AUD            

This is how I see it. Pull back to the recent resistance and strong reaction, breaking through the recent buyer. I will be watching the next move for a potential sell towards the recent low even though it could have more downside potential (based on the weekly recent support level ). However, I will be aiming towards 1.5270 as initial target zone since the price stopped many times there so it could be a problem again. Will see if it can drop further.
EUR looks more like neutral in terms of strength among the crosses whereas AUD looks very strong.

Kommentar: From the weekly we've got an inside and strong pin bar sequence which creates the fakey setup. That's why I think it could fall further. But let's see.
short at the pullback
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