- 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.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- MVP line is above the price and acts as a resistance level.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- We are focused on the breakdown of the previous bottom, the target at the level of 1.618.
Chart & Analyst Comments
