Get started

Euraudsignal

EurAud- Drop to 1.63 zone again?Two weeks ago I warned about the possibility of a drop to the 1.63 zone for the EurAud pair. Indeed, the pair dropped, recovered quickly though, and got back above 1.65 again. However, looking at the daily posted chart, we could see that 1.66+ is a very strong ceiling and the pair keeps reversing from above that figure. At the time of writing the pair is flirting again with the 1.65 zone and we could have a break down soon. That being said, I'm bearish EurAud as long as the price is under 1.66+ and I expect another drop to 1.63
Short
by Mihai_Iacob
17
#EURAUD: Price has just begun to drop,big move expectedDear Traders, Hope Everyone having a great weekend, we have an important update on #EURAUD. Price distributed at first for a week or two though it drop as GOLD AND AUD is positively correlated. As GOLD prices hiked this week due to NFP AND OTHER ECONOMIC data forecasting inflation and fear of recession. This helped majorly AUD pairs; EURAUD has just begun it's big move, and we expect price to drop significantly during coming days. A perfect entry would be to wait for price to do a small correction. Like our work? Then like and follow our public page so you can keep yourself updated. Thanks as always for your support ;)
Short
by Setupsfx_
45