Pair: EURAUD Prediction: Sell / Short
EURAUD broke out quite sharply few weeks back followed up by a double top on bigger picture. As now this market rallying a bit but to me it seems like market momentum is weakening across the board which signals for a downside to ensue. Watch for compression here and strong bearish expansion bars to build positions or if you have your trading strategy consider...
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EURAUD chart started its day under fibbo %50 band and tested its %61 band which stays around 1.49. It's last week climed here from 1.42 band with EUR news and weakens from AUD supported it too. As we see we got our major Resistance around 1.5050, fibbo %70.6 band which held the parrity 3 times or more since JUN 2016. Our setup gives us here that it's movement tru...