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Euraudtrade

EURAUD short position for near termAs can be seen in the chart above, EURAUD seems to be in a strong downtrend. It seems that it will continue following the downtrend for the near term and test the support level of 1.65900, which is where I will be placing my take-profit level. We can expect to see some volatility in this pair with the upcoming news announcement in a few hours for the AUD pair (the RBA Trimmed Mean CPI QoQ and the Consumer Price Index QoQ in about 2 hours and 45 minutes from now).
Short
by trendtrader
1
SELLING EURAUD @ MARKET 1.7067I've taken quite a few pips out of this pair over the last 2 months and another SELLING opportunity is being flagged by my Disciplindicator Indicator. The strong support indicated has been tested many times over the last week or so and this is weakening the line. With the incentive of WS1 pivot as a target I believe the BEARS will break through and break this SUPPORT. I'm in at 1.7067 with a target initially of WS1 at 1.6941. I still believe 1.6300 is the ultimate target of the BEARS and possibly lower as the EUR remains under pressure. My STOP is 1.7102 for a 35 pip risk.
Short
by theforexportal