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fibo777

eur/aud

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by , 01-03-2013 at 03:50 PM (1196 Views)
Today I want to share with you eur/aud support and resistance levels. The pair is in a clear range and a few days ago after failing to break the top of the range it is now headed to the bottom of it. It is important to trade in the direction of a trend or swing, so one should be looking how to short Euro against Australian dollar. Wait for rallies before you start shorting.

Let us define resistance levels:

They are: 1.2810, 1.2670, 1.2586, 1.2536

Let us look at support levels now:

They are: 1.2440, 1.2385, 1.2280, 1.2150.

As always even numbers often serve as exit areas for big boys. Have this in mind too.

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