Euro / Australian Dollar discussion
EURAUD You can track the Idea posted here: Idea:Ghost Traders FX | EUR/AUD Sho…EURAUD GTFX Core Strategy Setup
Pair: EUR/AUD
Bias: Short
Reasons: EUR is fundamentally weak on a macro-economic level right now, generally unattractive to big money with such low interest rates and the high likelihood of further cuts. AUD on the other hand even with some of the overseas tensions causing some volatility, is still attractive due to the higher interest rates. This spike up has formed with almost no foundation and left a major liquidity target resting below around 1.601.
I don't see EUR/AUD turning around until a major change on the macro-economic level for both currencies.
Considerations: The market is quite volatile at the moment, and as such, I would exercise caution on any higher timeframe assessment setups as things have been reliably unpredictable of late, translation, use low risk until elections are finished in the US.
EURAUD is looking good!
EURAUD kEEP BUyinnnggg
EURAUD Buy, baby, Buy!
EURAUD Look for buying opportunities now
EURAUD I wouldn't advice further sell from here. Start getting prepared for reversal
EURAUD in buy zone if the trendline breaks trade not validEURAUD Just as i analyzed this pair last Friday, it bought short term.Long term sell have been on since market open
EURAUD Buy now, and get prepared for a sell after