EURAUD Chart 2

EURAUD - Intermediate Swing Short

EURAUD - Intermediate swing short by DanV on TradingView.com

23 November 2012

Updates and comments

After establishing major bottom in Aug, I believe that EUAUD is in new uptrend. Hence the current decline is a retracement of the move up from Aug low. However, the last swing in that correction offers good short from current level to 1.24 - 1.2070 area before heading higher.

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