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

EURAUD analysis, EURNZD Analysis, forex


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 .