EURAUD - Sell
Shorting EUR/AUD as we've reached a compelling technical confluence zone:
Price Resistance:
EUR/AUD is currently sitting right at a daily and 4 hour resistance level, indicating potential selling pressure.
Fibonacci Retracement: Price aligns perfectly with the 0.618 Fibonacci retracement level, adding another layer of bearish technicals.
Employment Data as Catalyst:
Tonight's release of employment change and unemployment figures for the Ausie Dollar could be the trigger for a sell-off.
Trade Details:
Entry: 1.62589
Stop: 1.62949
Profit: 1.61614
Price Resistance:
EUR/AUD is currently sitting right at a daily and 4 hour resistance level, indicating potential selling pressure.
Fibonacci Retracement: Price aligns perfectly with the 0.618 Fibonacci retracement level, adding another layer of bearish technicals.
Employment Data as Catalyst:
Tonight's release of employment change and unemployment figures for the Ausie Dollar could be the trigger for a sell-off.
Trade Details:
Entry: 1.62589
Stop: 1.62949
Profit: 1.61614
Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.