- According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Price broke through the MVP line and rushed down. We consider this a sign for further EURAUD price decrease.
- The first target is at the level of the previous bottom - 1.549, and the second one, in case of an active price decrease, is at the level - 1.546
Chart & Analyst Comments
