TECHNICAL ANALYSIS
The pair has finally broke out of the range to the upside, a strong sign of the bullish trend continuation. As we can see price closed @ 1.7973 resistance and also forming a higher high. To go long wait for price to get to support at the buy zone and a print of a higher low.
FUNDAMENTAL ANALYSIS
The trend meter indicates that the market is bullish on this pair with a bullish score of 7. The COT data shows institutional taders are long Euro and short AUD by 80.47%. Retail sentiment however shows retail traders are short this pair. Euro has been bullish for a while and it looks like it could continue in the week ahead.
The pair has finally broke out of the range to the upside, a strong sign of the bullish trend continuation. As we can see price closed @ 1.7973 resistance and also forming a higher high. To go long wait for price to get to support at the buy zone and a print of a higher low.
FUNDAMENTAL ANALYSIS
The trend meter indicates that the market is bullish on this pair with a bullish score of 7. The COT data shows institutional taders are long Euro and short AUD by 80.47%. Retail sentiment however shows retail traders are short this pair. Euro has been bullish for a while and it looks like it could continue in the week ahead.
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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.