EURAUD has been very bearish in the daily chart. The sellers may wait for the price to make a bearish breakout at the last swing low, where it is traded right now. A bullish reversal, on the other hand, may attract the buyers to go long in the pair.
Good morning all, if you watched my YT video from the weekend you will have seen the entry I was looking for on EURAUD . Price found a level of support in this demand zone which has given us our trade entry. Looking for a TP at the supply zone created above which will return us 1:5 R:R. EUR looks to be forming support on most pairs at the moment so lets hope it grows a pair. Fairly easy trade to follow this one. Will update again in a few days. GLIYF
Lovely strong reaction of the 2017 OB but there are a few areas above to react off again and carry on down. Going to be vital to take partials here I think.
The level looks very promising to work as a level of support. The price had a strong bounce earlier. It produced a bullish engulfing candle as well. The buyers may push the price towards the North. I am wishing you all the very best with the entry.