Price in EURAUD has been in a steep fall on the Daily Timeframe. Price looks to be in a lvl 2 retracement on the 4h chart after a very strong move downward.
In the coming week, I would be looking at price retest the bottom of the last range of lvl 2. That also happens to be the 38.5% fib retracement for that last move. My TP1 would be at 1.65774 (450pips) and TP2 at 1.63201 (700pips). We are going to have a great week!
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In the coming week, I would be looking at price retest the bottom of the last range of lvl 2. That also happens to be the 38.5% fib retracement for that last move. My TP1 would be at 1.65774 (450pips) and TP2 at 1.63201 (700pips). We are going to have a great week!
Please remember to do your analysis, and share your thoughts.
**Please like and follow to encourage more analysis.