Are you also looking for shorts on EURAUD?
Later today the employment report of AUD will be released and tomorrow we have two interest rates announcements, for the EUR and GBP, but even when the EURAUD is related to both of them, I think we have enough time to let the market move on our favor, and then be able to move the SL close to the breakeven level so that we can leave our trade open during those announcements.
Here is the 30M chart:
As long as the EURAUD keeps trading below the ST resistance level 1.3264 I will be looking for short opportunities. Notice also it is trading below every important level on the short term charts.
Tags: EURAUD analysis, forex, trading
I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community