TheBanker

playing euro chicken

Short
FX:EURAUD   Euro / Australian Dollar
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary.

When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040

If you found my thesis helpful please remember to thumbs up.

All the best for the week ahead!

Comments

I think, with coming France election, Trump taxes(include import taxes from EU), my suggestion is stay away from euro for a while.
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