Noticeable that the couple is under pressure from the lower boundary of the Ichimoku cloud, the course is now in a corrective phase after a strong southern trend, but at the bottom of the inclined line break can talk about the resumption of the trend.
eur/aud is recovering the losses. a few weeks earlier the pair hitted the rock bottom and it was the lowest of all times. so the retracement or reversal whatever was inevitable for this pair.
hmm,,, I am waiting for a signal from eur eur ... not to fall back too damaged for traded
I hope there is improvement in the news tomorrow .. I have long waited for a signal to buy a good, .. but it did not come .. good chance .. hopefully down the trand canceled ..
regards profit ..
steam steadily stronger below 1700 figures and was able to make at least another year, a strong trend, I have not seen, you can forget about buying, now with the resumption of the fall will again sell.
Truly, the EURAUD trend till now still bearish. On my see - the nice idea is to search for Sell OP again on smaller time frame Look that price on yesterday was can break that strong support at price 1.1693. And till now still on nice Red line (on long time). So, yes, Search for Sell OP again better.
Intraday bias in EUR/AUD remains on the downside for the moment and current fall is still in progress for next projection level at 1.1352. Note that we're seeing bullish divergence condition in 4 hours MACD, and EUR/AUD could find some support at 1.1352 and rebound. As for now, break of 1.1855 resistance is needed to signal short term bottoming. Or, we'll stay bearish even in case of recovery.
In the bigger picture, down trend from 2.1127 (2008 high) is still in progress. Sustained break of 1.2 psychological level should now pave the way to 100% projection of 1.3808 to 1.2132 from 1.3028 at 1.1352 next. On the upside, break of 1.3028 resistance is needed to be the first signal of medium term bottoming. Otherwise, we'll stay bearish even in case of strong rebound.
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