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EUR/AUD Technical Analysis 2016, July: bearish breakdown with 1.4785 level to be tested

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by , 07-04-2016 at 04:36 PM (924 Views)
      
   
Weekly price broke Ichimoku cloud for the bearish reversal: the price is testing 1.4785 support level to below for the bearish breakdown to be continuing with 1.4433 level as a nearest weekly bearish target.

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If W1 price breaks 1.5645 resistance level on close bar so the bullish reversal will be started.
If W1 price breaks 1.4785 support level on close bar so the bearish trend will be continuing.
If not so the price will be on ranging within the levels.

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