Fundamental Analysis
1. Seasonality shows bullish momentum in EURAUD from 10 Apr to Mid of May
2. COT data shows net positions reduction in AUD while Increasing in EUR
3. Overall score of EUR is bullish and AUD is bearish
Technical Analysis
1. EURAUD broke 2 year Rectangular consolidation box
2. strong breakout appear
3. Bulls are in charge
4. Waiting for retest of breakout for entry
5. 1st buy 1.74 with Sl 1.704,
2nd buy if SL hit of 1st buy, entry @ 1.68 with SL 1.634 increase risk to 2%
1. Seasonality shows bullish momentum in EURAUD from 10 Apr to Mid of May
2. COT data shows net positions reduction in AUD while Increasing in EUR
3. Overall score of EUR is bullish and AUD is bearish
Technical Analysis
1. EURAUD broke 2 year Rectangular consolidation box
2. strong breakout appear
3. Bulls are in charge
4. Waiting for retest of breakout for entry
5. 1st buy 1.74 with Sl 1.704,
2nd buy if SL hit of 1st buy, entry @ 1.68 with SL 1.634 increase risk to 2%
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.
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.