EURAUD - Even more downside?

So in the last post we decided EURAUD was ready to be sold off after enough correction with confluence of divergence on the daily and the fact that it was hitting a weekly resistance zone. This happened perfectly and the price dropped hard. Go back to last weeks post and check for yourself!

However, we aren't done selling this pair just yet. We're still bearish on EURAUD with recent AUD strength after job data and EUR weakness with Brexit and other issues. I'm expecting this correction we are in to continue for a little while more (sorry not precise as it's not clear at this point) before moving downwards strongly again.

Here's a forecast, in which you can move the chart around to see what analysis i'm basing this off.

So the plan is to wait for more correction, possibly into the two red zones before selling it down. I don't have a specific target just yet but in the longer term i'm predicting below 1.3600. I'll be posting the trade I take on our telegram (signal service). Link: https://t.me/FXTrading260

Good luck this week and I hope you all make some great trades for great profits. Be sure to stay focused, don't over-trade and stick you your plan, demo or real.

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