charts247
Long

EURAUD WEEKLY TRADE OUTLOOK

FX:EURAUD   Euro Fx/Australian Dollar
30 0 0
EURAUD            

Bias: Bullish

Analysis: This pair is our indicator for EURO             ; The weakness in AUD have helped this pair for the last week, but looking at other euro             pairs the weekly candles are also green which tells me all I need to know. Euro             strength is surfacing and we have to take advantage.

We have a structure re-entry at 1.4049; this is meant to be a big sell point, but the price made a U-Turn. This means at least we are expecting the pair to trade 1.5830! that is over a thousand pips. We must pay attention and take our chances when it is offered on a plate like this.

ENTRIES: LONG(TWO SCENARIOS/Buy@1.4344 or if the price trade back to the structure 1.4049 we initiate buy and reload @ the weekly high of 1.4344)

SHORT= 1.3800
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