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Dailychart

AUDUSD; Monitoring a possible short trade at daily resistanceThe market has memory and it returned back to an interesting daily resistance. It has bounced on it several times so we are adding the odds in our favour. We have to trade what we see until the market proves us otherwise. Currently, I don't have any setup yet as I'm patiently waiting for Price Action at a level but its definitely in my watchlist. We may be one day away for a possible setup if occurs. Please, be patient. Happy Trading
Short
by Fractal-Trader
1
Euro is become more optimistic: There's nice news of EurozoneAs today we see a good ness for the Eurozone, so Europe could be benefited in this week because if you noticed it this news: "Euro is turning into "credible" safe haven after Europe Union Rescue Deal" So, as Sterling Pound also is strenghten, but not in EUR against her rivals, because the Euro fundamentals is more strongest than Sterling Pound. No guys, in this technical analysis, in Daily we see a Euro so bullsih as the par EUR/USD continue the trend, that may be influenced in this par too. Looking in Daily timeframe, we see a closed up of candlestick in Daily, so carefully we see a inverted hammer, that show that in the next days Euro is continue up and buyers are here defend the Eurozone while all the Euro fundamentals keep in reputation. More interesting is that timeframe too, in H4 we see a bullish movement and we are in this bearish channel, that mean a continue of the trend, rememebr that in Daily is so bullish still it. i will going again to discuss the fundamentals in this par and the msot important for me is: 1. Euro rose against many of its peers today on hopes over a crucial milestone as the Eurozone's goverments look set to form a consensus on a covid-19 recovery fund. 2. Although lower than the initial proposal of 500 billion of euros, the new grant is agreed at around 390 million euros-still a significant boost for the Eurozone's struggling economy 3. A commentary of Valentin marinon say that as European Union fund should foster fiscal solidarity in Europe and create a massive new pool of high-quality, euro-denominated bonds. 4. Euro's investor see that Eurozone's largest economy's has the ability to recover from the covid-19 crisis while the incresingly of the important countries as France, Germany, Italy, Spain, Denmark, etc... That is ones of the countries wiht largest cases of covid-19. Specially Spain is one of the largest cases in the channel called in spanish: España Noticias!!! Did you know, this par is one of the sensitive becuase when United Kingdom is more optimistic in the past week, we will needed to sell Euro than buy Sterling Pound. So, guys this is all my news, don't recall the fundamentals, reading is important, because one of my strategist is when I going to sleep, turn my computer and read firstly than making technical anlysis
Long
by harisonhbn9718