Euro / Dollar AustraliaPembelian
EURAUD long entry
EURAUD went up from 1.37 above 1.62 without any meaningful correction from April until early October. There is a correction unfolding now, and the 61.8% retracement seems to hold as the price posted a doji like formation yesterday.
DXY index is approaching key level at 100, which was a hard one last time this year. I think USD appreciation is justified however the extent and the pace give reasons for concerns. There should be a correction coming, and when to have it, if not at strong resistance levels and approaching FED hike. Buy the rumor sell the fact phenomenon will work this time as well, I assume.
I was looking a vehicle to long the EUR, where I see the signs of exhaustion of the weakening. I think I have found the correct pair, I vote for EURAUD short.
DXY index is approaching key level at 100, which was a hard one last time this year. I think USD appreciation is justified however the extent and the pace give reasons for concerns. There should be a correction coming, and when to have it, if not at strong resistance levels and approaching FED hike. Buy the rumor sell the fact phenomenon will work this time as well, I assume.
I was looking a vehicle to long the EUR, where I see the signs of exhaustion of the weakening. I think I have found the correct pair, I vote for EURAUD short.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.