TradingView
VasilyTrader
Jun 24, 2022 10:37 AM

EURAUD: Complete Indecision 🇪🇺🇦🇺 Long

OANDA:EURAUD1D
EUR/AUDOANDA

Description

⋅


Very peculiar situation on EURAUD pair:
the market is stuck between 2 structures,
one - major weekly resistance,
one - key daily support.

Depending on the reaction of the price to these structures, I see 2 potential scenarios:

If the price breaks 1.528 - 1.538 resistance and closes above that on a weekly,
I will expect a bullish trend continuation to 1.558

If the price breaks 1.516 - 1.52 support and closes below that on a daily,
I will expect a bearish move at least to 1.505.

Wait for a breakout and the follow the market.

What do you expect?

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Support and ResistanceSupply and DemandPivot PointsEURAUDeuroaustraliandollaraudEURtraderfxtrading
Comments
AlkalineFX
⋅
Great work!
TradingExpertFx
⋅
I agree
TopTradingSignals
⋅
I have the same bias bro!
UnitedSignals
⋅
Thank you for posting!
ProSignalsFx
⋅
Thank you for sharing, mate!
AkhiPrajapati
⋅
Nice work thanks
JoeChampion
⋅
Lovely work, based on the coming ecb Statement and a potential rate hike in the table i think EURO is going to perform really strong against commodities!
VasilyTrader
⋅
Are you bullish or bearish on EURAUD?
More