AUD has been sold from the big players while the dollar is expected to strengthen according to the banks
I think it will sell because JPY is expected to raise rates next month and the market is preparing for a stronger yen. this is also based on the structure where the downside volume is much much stronger
Based on fundamentals and technicals this is my prediction. After taking the previous weeks high it will sell taking all the liquidity below
EURUSD is looking bearish. price gave us a double top and now it rejected the 4h level. it made a lower high and its looking to complete its way down to my target
i entered a bit late but its still valid. the price broke the 4h level with a strong bullish candle and gave us a clear rejection.
As we can see the 4h chart, we have an uptrend. the price just made its 3rd touch in the trendline and rejected the fib and the 4h level. the price is very bullish and its likely to go up
The price just rejected last weeks high and is forming a double top. if we can get a break of the 4h level in green and a retest with fib retracement we will definitely enter a short position
the broke the 1h level and retested it. it also retested the 154.000 level. as we can see it gave us a fib retracement comfirmation