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TraderMozo

[13/1/22] EURAUD Bearish bias

Short
Euro / Australian Dollar (FX:EURAUD)  
TraderMozo  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Fundamental Analysis EURAUD EUR aud
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trendanalysis chartpattern fundamental euraud eur aud
PAIR IN FOCUS: EURAUD
BIAS: BEARISH / SHORT

Price has broken down from a support zone, currently consolidating and could head lower for another leg down. Market shifted into risk-on sentiment which could see risk-on currencies (e.g., AUD, NZD) continuing strengthening, which would then see EURAUD declining.
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