Hi Guys,
following my analysis for the EUR/AUD currency pair:
price is ranging in a tight bearish descending channel. Last week we broke through a strong price level at 1.63300 and now retesting this level again. You can see a clear rejection of 3 candles as well as a indecision candle in the 4H Chart. The volume shows a high interest of sell pressure so I am expecting the next implusive move downside to the 1.62050 price level.
Be aware of the tomorrows speek of Christine Lagarde at 11:25am. She is the president of the European Central Bank and often volatility is experienced during her speeches as traders attempt to decipher interest rate clues.
Best,
Lukas
following my analysis for the EUR/AUD currency pair:
price is ranging in a tight bearish descending channel. Last week we broke through a strong price level at 1.63300 and now retesting this level again. You can see a clear rejection of 3 candles as well as a indecision candle in the 4H Chart. The volume shows a high interest of sell pressure so I am expecting the next implusive move downside to the 1.62050 price level.
Be aware of the tomorrows speek of Christine Lagarde at 11:25am. She is the president of the European Central Bank and often volatility is experienced during her speeches as traders attempt to decipher interest rate clues.
Best,
Lukas