EURAUD short position with possible retracement
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Fundamental analysis : After the positive job report data from AUD is another confirmation to buy emerging markets.
Technical analysis : Finally break 1.64000 level which was a strong support with 3 touches does not look so good for EUR if you look at EURUSD as correlation.
Comments: I would probably wait for the retest of the 1.64000 level before get the short position to 1.62000 handle.
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Fundamental analysis : After the positive job report data from AUD is another confirmation to buy emerging markets.
Technical analysis : Finally break 1.64000 level which was a strong support with 3 touches does not look so good for EUR if you look at EURUSD as correlation.
Comments: I would probably wait for the retest of the 1.64000 level before get the short position to 1.62000 handle.
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Instagram: fxtradingservices