EURAUD Position Short

OANDA:EURAUD   Euro / Australian Dollar
Timeframe: Daily
Trade Type: Position/Swing

EURAUD is approaching the area where there was the huge manipulation at the beginning of the year to mitigate. A lot of people are in sells currently which makes the market more likely to push up to take them out, before a long term bearish run. AUD news approaching and I expect AUD to temporarily spike down in weakness before it’s bullish run.

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