Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
EURAUD Daily Outlook
Euro / Australian Dollar
Short
EURAUD Daily Outlook
By stama13
Follow
Follow
Mar 2, 2015
0
Cheer
Cheer
Mar 2, 2015
I wish you all a happy new month and good luck trading!
The EURAUD is in a downtrend (60min chart) and is currently under a retracement.
The retracement was expected since last week we observed positive/ bullish divergence between price and RSI indicator.
This can mean two things;
A. There will be a change of trend.
B. There is a pause/ recovery before continuing with the downtrend ( Preferred scenario)
Currently price is testing key resistance of:
Price level 1.44.
Top ichimoku hourly cloud.
Weekly pivot.
This is a good place to add some shorts with first target support zone 1.4320
60min
EURAUD
Forex
Ichimoku Cloud
pivot
stama13
Follow
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.