My Analysis: Right now EUR/AUD bottom of fib channel also just under my 38.2 FIB Retracement Line. Fundamentals AUD highly affected by Us-China trade war. Taking big hit in important goods. Also, Japan still has not signed a deal with US on Tarrifs on Cars and Car Parts. Making AUD weak against EUR. This is not a signal. This is for educational purposes
Comment:
Also EUD/AUD saturated with Short. Short is 62% and Long is 37%
Trade closed manually:
Broke trend dropped in other direction