EUR/AUD

EUR/AUD broke out below 1.5900 and continues falling, next target is likely at 1.5800.

Hello fellow traders,

H1 chart, consider long?

Thanks

It does appear bullish on the smaller time-frames, but that will likely be just a retracement before the overall bearish trend continues.

[quote=shyean;11658737]Hello fellow traders, H1 chart, consider long? Thanks {image}[

Am also on this Trade and I went Long but the Market have been going short and is like the sellers are really waxing stronger. What is ur take? Will there be a retracement?

Hello MidehBushcut,

I'm still holding to my long position as i think it is oversold and a possible retracement. Shaded regions are where i would consider short.

Thanks



[quote=MidehBushcut;11662611]

[quote=shyean;11663012]Hello MidehBushcut, I'm still holding to my long position as i think it is oversold and a possible retracement. Shaded regions are where i would consider short. Thanks {image} Thanks for encouraging me hold On...it getting Longer Bro

The move to the downside continues. Unless the pair forms a double bottom at 1.5740 next target will likely be at 1.5700.

The pair remains very bearish and broke out below 1.5700, it will likely break out below 1.5600 too.

The pair found some support at 1.5635 and is currently consolidating above that level, but next week it will likely continue falling.

The pair finally broke out below 1.5635 and it will likely continue moving to the downside. Soon there will likely be a breakout below 1.5600 too.

EUR/AUD briefly broke out below 1.5600 today but it quickly retraced back above that level. That said, the move to the downside will likely continue.

The pair finally found some support at 1.5570 and formed a spinning top candlestick at that level on the daily time-frame before bouncing off from the support. Net target is likely at 1.5800.

Long on EURAUD

The bearish trend continues despite all indications for a retracement and the pair may continue falling towards 1.5500.

The pair bounced off from 1.5520 and it is currently consolidating sideways, next week there will likely be a breakout below 1.5500.

EUR/AUD did break out above 1.5500 and it the move to the upside continues. It may soon break out above 1.5800 too.

The pair bounced off from 1.5780 and began retracing to the downside, next target is likely at 1.5600.

The pair is consolidating sideways above 1.5670 and there likely won't be a breakout before the end of the week.

EUR/AUD is still testing the support at 1.5670, next week there will likely finally be a breakout below that level.

The sideways consolidation clearly continues for now, but next week there may finally be a breakout below 1.5670.