EURAUD: Pullback Time!
The pair hit a major resistance level at 1.5020 where it was rejected forming a giant pin bar today. The horizontal resistance coincides with top of the short term ascending channel as shown on chart. I am looking for a pullback lower within the coming few days, targeting initially 1.4830 level. A break and stability above 1.5145 might negate this scenario.
Happy Trading :)
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My best regards,
Technician
Happy Trading :)
Join me at twitter.com/thefxchannel
Facebook page thefxchannel.com
Google Plus : plus.google.com/+Thefxchannel0/posts
My best regards,
Technician
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