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JoeChampion
Jun 3, 2023 1:38 PM

EURAUD Breakout and Potential retrace Short

Euro Fx/Australian DollarFXCM

Description

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.
Comments
robaymcmb
Good analysis but we need better break out setup+confirmation
JoeChampion
@robaymcmb, Thank you for your feedback!
robaymcmb
👍🏿
FirstNameHelen
Definitely a great chart my friend
JoeChampion
@FirstNameHelen, Thank you!
WalterMoon
Good EURAUD idea, agree!
JoeChampion
@WalterMoon, Sweet Walter!
FOREXN1
Price may have a pullback before drop. I agree!
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