EURAUD - Long or Short - Market Sentiment (French Election)
I'm neutral on this pair. It could go either way because of the French Election and the sentiment it will create on the Euro.
Bullish Bias - It broke the major downtrend and pulling back and getting rejected on the down trendline. Aussie has been weak maybe time to buy it back. as of late and sitting on a major psychological level.
Bearish Bias - Potentially a false break and market sentiment on the Euro is short the Euro right now because of French Election. Also sitting near a psychological level broke past it to touch the 1.43 and retraced back to 1.42. Aussie has been really weak...will Aussie weakness continue??
We will know more by Monday as to how the sentiment will be.
Bullish Bias - It broke the major downtrend and pulling back and getting rejected on the down trendline. Aussie has been weak maybe time to buy it back. as of late and sitting on a major psychological level.
Bearish Bias - Potentially a false break and market sentiment on the Euro is short the Euro right now because of French Election. Also sitting near a psychological level broke past it to touch the 1.43 and retraced back to 1.42. Aussie has been really weak...will Aussie weakness continue??
We will know more by Monday as to how the sentiment will be.
