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JoeChampion

EURAUD Breakout and Potential retrace

Short
Euro / Australian Dollar (FX:EURAUD)  
JoeChampion  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Beyond Technical Analysis Technical Indicators EURAUD EUR aud SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta indicator euraud eur aud sell short bearish technicalanalysis containsimage
Hey Traders, In above chart we have a breakout of EURAUD uptrend due to AUD strength. Fundamentally with Inflation concerns in Australia it is expected from Reserve Bank of Australia to go for further rate hikes which have made AUD looks interesting for investors, Technically i will be watching a potential retrace of the trend towards more lows.
Trade safe, Joe.
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