What do you think about the market this morning? I don’t see many opportunities, most currency pairs are trading at an important level, or they are just trading between random levels making it difficult to trade. Do you agree with me?
One of the very few exceptions is the EURAUD, it is clear that it’s trading in a bearish condition and I’m going to be looking for short opportunities here.
I’d like to see a retracement to the ST resistance level:
The next LT resistance level is around 1.2990