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FOREX Trading: EURAUD at Support

FOREX Trading: EURAUD at Support

Jamie Saettele, CMT, Sr. Technical Strategist

EURAUD is on the radar as a long opportunity. Price is testing the 50% retracement of the rally from 11600. The level is reinforced by the September 1st and 7th lows. This is on the radar and real time updates will be released via Twitter @JamieSaettele.

EURJPY shorts were exited last night as price is at support from the 100% extension of the 10459-10217 decline and channel support.

I am currently short AUDUSD (last night).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.