EURAUD Support broken

٦ فبراير ٢٠١٧

For the past 4 months price has rejected the 1.41 support handle until last week when we finally saw a break and close below this zone. I will be waiting for a clear H4 retest and rejection, possibly at the lower time frame descending TL, before entering short on this pair. My target will be the weekly support at 1.373