euraud has been in a clear downtrend and trading well below 1.4660 area
over the last 4 weeks has been rangebound, rotating around its 38.2% Fibonacci retracement of the one year move up from 1.2225 to 1.5830. The current range is between 1.4300 and 1.4600 and a break to the upside would target trend line resistance at 1.46600 where price would be expected to fade once again. To the downside, a break lower would eventually target around 1.3109-1.4130 area. This level is another major support of the full rally from 2012 low at 1.1600 to 2014 high at 1.5830
weekly support trend 1.4130,daily support trend 1.3910
This review does not including any document and / or file attached to it as advice or recommendation to buy / sell securities and / or other device.