Here is the topic about EURAUD cross. analysis:I look for shorts at the market price with targets around 50 and 61.8 fib of the last up swing. really simple trade. next if the price level 1.5800 or 1.5850 will be defended by the bulls i will take longs.
EURAUD has stuck in the zone and ranging up and down . Next week US delegation will go to China to negotiate the trade deals (14-15 February) So i still see a downside scenario is on the table. i mean this week AUD was one of the weakest currencies, so i think it will correct to the upside (AUDUSD). otherwise if the supply zone will be break on bigger volume to the upside, then buying the support...
For plan entries in this currency pair I will enter SELL in the price range of 1,60936. Because based on the SND advance technique that this pair is very significant for SELL entry. Because in it have contained several entry elements that we can make reference for making entries. we all see well tomorrow the progress of this pair movement.
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