EvanJones

Euro ready for the sells based on previous rallies

Kort
FX:EURAUD   Euro / Australiensisk dollar
0
Last week the ECB drove the Euro into a Buyers frenzy, however the overall trend is down and these trendlines have a number of touch points giving me confidence that this downtrend shall resume.

I'm short with stops above the recent lower highs made on Thursday of the past week with a target somewhere mid-channel.

Alternatively, if the upper trendline is broken then I suspect a break and retrace to this trendline is made before entering long, however my believe based on my analysis that we are heading south on this instrument

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