EURAUD had a strong rejection from the daily resistance, after forming the head & shoulder the on the intraday the price started to decline. Currently the price pressing the pressure on the intraday support and we could see at some point after liquidity grab the price dropping down to the liquidity zone
Here we analyse Euraud.
1st window is showing D1 TF. simply we can see a bull run untill 1.5326
H4 TF is displayed in 2nd window. There we can see a breakout of Previous Trendline. And now testing previous support and the main point of 2 combined trendlines. So we are expecting a bull run from 1.49000
In the 3rd window we are watching that market is...
Comparing Weak Vs Strong currencies this past week (end 2/14), EUR shored weakest of all currencies whereas AUD relatively strong of the two currencies-- meaning a SELL bias for the pair.
Monthly chart analysis has the pair price at confluence of Resistance.
A good technical approach on this pair should provide awesome short opportunity.
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