EURAUD and EURNZD, both good for shorts

I think that from all the currencies that I’m monitoring, the EURAUD and the EURNZD are the clearest of them all.

Take a look at their long term charts. Here is the EURAUD for instance:

A few days ago it broke through an important support level. So if you are keen about going short, take a look at these two crosses.

Remember there is a strong positive correlation between these two pairs, I’d only take a trade on one of them.

What do you think?

Cheers,

Raul Lopez
Forex Training

Tags: , ,


Raul Lopez

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 .