#EURAUD: 400+ pips easy target!
Updated
Dear traders,
Hope you are doing great, with EURAUD we think price of this pair will soon drop. There are two factors first one is price already rejected multiple times and then price dropped, this technical view indicates that price will drop further as we move ahead. Secondly, fundamental side support our view, gold is expected to rise and break all time high record if the data indicates us dollar weakness. gold and aud is positively correlated which means they follow the same trend.
like and comment if you agree with the idea ! got any question comment down below. ;)
Hope you are doing great, with EURAUD we think price of this pair will soon drop. There are two factors first one is price already rejected multiple times and then price dropped, this technical view indicates that price will drop further as we move ahead. Secondly, fundamental side support our view, gold is expected to rise and break all time high record if the data indicates us dollar weakness. gold and aud is positively correlated which means they follow the same trend.
like and comment if you agree with the idea ! got any question comment down below. ;)
Trade active
300+ pips moving well close half of the positions! Comment
362+ Pips, next week market will not move as much due to holidays. So will likely to reach the target by second or third week of January.
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