The EURAUD is trading in a very clear bearish condition because it broke through an important LT support level on the daily charts. On the short term charts its trading in a clear range and it got rejected from the top of the range with significant downward pressure:

Here are the details of my order:

Entry: 1.6175
SL: 1.3216
TP: 1.2980

Trade Safe!

Raul Lopez
Free Forex Education