EURAUD MAY 2024 WEEK 2 OUTLOOK -
Daily - Bearish, in need of a pullback. this seems like a flip of AUDUSD. right now EUR and USD are not the main players here in both these assets. seems like AUD is in driving seat. we might get a chance to sell on pullback on EA in coming days.
Origin - bearish (neutral). just looking at the structure we can say that this can be a pretty volatile week with price chopping around in overall bearish trend. **1.63013 - 1.63657** is the key area to look out for. if price pulls back into this area and then gets rejected and holds below previous week AVWAP we can look for shorts on our trigger TF.
Origin - bearish (neutral). just looking at the structure we can say that this can be a pretty volatile week with price chopping around in overall bearish trend. **1.63013 - 1.63657** is the key area to look out for. if price pulls back into this area and then gets rejected and holds below previous week AVWAP we can look for shorts on our trigger TF.
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