In analysis of October 27 I pointed impending correction and further return to decline. I wrote: “At the moment rebound may appear near 1.5420. After that there should be a continuation of falls”. There have been a rebound that was even stronger because it reached 1.5576, then returned to the EURAUD decline.
Today support at 1.5150 was break below and downward movement is continuing in direction of level 1.5000. This support has a chance to cause rebound, if it happened target of upward movement will be first 1.5150 and second 1.5285. After break below support at 1.5000 target of falls will be 1.4730, 1.4400. On level 1.4780 is fibo 61,8% of upward movement which lasted from April to August of 2015. Therefore levels 1.4730 – 1.4780 give a chance to finish the current declines.
Time-frame H1
Try FX GROW. Spread from 0.00001 also STP/ECN execution, full transparency.
Time-frame D1
