aibek
Short

EURAUD. We gonna break down something big!

FX:EURAUD   Euro Fx/Australian Dollar
7 months ago
Hi there!
Today I was thinking of the pair which reflects the strength of the Dollar and commodities (rising Oil             drags Copper             and others) and I came to EURAUD             chart. (BTW EURCAD             idea already paid well)
EURUSD             is in downtrend still and DXY             is going to reverse higher.
AUDUSD             still up on rising Copper             .
So even fundamentally the EURAUD             is huge negative.
Look at the chart - at the end of 2009 the price already broke below 10-year long support!
Then we saw IDEAL pullback!
Now we gonna break 4-year support! Nice opportunity!
Best wishes!
7 months ago
Comment: 4H structure, nice impulse is finishing. Looks like we are not going to fall at once, we should see a correction before.
snapshot

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