Fall
AUD/USD - A Possible Short Term FallIn this 1 Hour chart we can see a good downtrend and a pair of major and minor resistance levels as well as two major support levels .It is more likely and possible to fall short after price touching the trend line and it will probably sell up to to the round number present there 0.78800 and the price is likely to reverse and retrace up to the round number level 0.79400 near the resistance level because there is a solid support level present near the round number 0.7800 .Anyway a short sell is possible but a buy around 0.78800 would be too early to predict.
NOTE :- I am not a Pro Trader,just a beginner.Show my mistakes and help me to learn.Just an analysis.
Thanks.
Game is over | EURUSD should fallPolitically: After a long period of time, politicians battles are almost finished. Expectation is one of the reasons that a market moves. EURUSD strengthened just because people expected a better euro after French election and weak USD because of Trump-Russian, Trump-China and many other Trump issues.
Now it is proved that Trump alone cannot change the world and other countries will respond to Trump plans. The market will be normal!!
Fundamentally: It is it clear that US economy is much better than EUR zone. Most of European countries' unemployment rate is over 10%. There is innovation in EUR zone and more...
Technically: on weekly chart we are in corrective wave and on daily chart we have a big movement upward containing five waves, which means at least a pullback is needed.
Disclaimer: I don't about politics but noticed that politics matters
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