- According to the most brokers’ data, more than half of the traders are currently in short positions on EURAUD. As a result, we recommend considering only Long trades at this time.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- Price broke through the MVP line and rushed up. We consider this a sign for further EURAUD price increase.
- Set Take Profit at the local high, beyond which there is a cluster of orders.
Chart & Analyst Comments
