We've seen EURAUD double bottom on the daily around the level 1.55889 signalling a pullback/reversal.
Traders should base trades around price action entering the retest of the 1.57089 level. As price fails to break said level for me bias remains bullish.
Traders should place orders adhering to their risk management protocols.
We've seen UC attempt to make lower lows on Thursday last week and fail as it began consolidating Friday into the early hours of this morning before once again attempting to break lower.
As it stands bias remains very much bullish and traders should look to enter towards the close of this current 4hr candle should it close above 27.059 will for me confirm the...
We’ve seen the EUR gain strength as market cycles further extend towards the direction of their overall trend.
But also pullback to retract for further extensions in the coming week.
We’ve seen EURAUD create a double bottom at the weekly low and bound of 21 EMA of the daily.
My bias is a short term sell with a reversal to the weekly lows possibly even lower...