EURAUD Short

[TareqS]

The pair seems to have found its resistance around 1.56800. The sellers may wait for the price to produce bearish momentum to find short opportunities in the pair.

 

[Petezaa]

Could we see a retracement from here to the downside? We are still technically bearish if you look at the weekly and monthly.

 

[momo3HC]

Could we see a retracement from here to the downside? We are still technically bearish if you look at the weekly and monthly.

Possible.

 

[TareqS]

The price has been choppy within 1.54200-1.57000. The pair is traded around the support of that range. A bearish breakout may make the pair go towards the South. Let us wait for a breakout here.

 

[bigbax699]

GBP giving us the pips at the moment. Is the $$$ turning bearish longer term? This week's video out now, head over and like and subscribe it would be appreciated

 

[sebking1986]

I don't think so yet, too early to say. GBPUSD needs to break 1.17400 for me to be on board with that narrative. A hawkish Fed keeps USD strong

 

[JimmyRozza]

FED have made a 'soft pivot' though by indicating that future hikes may not be as aggressive as they originally thought. All politically motivated smoke and mirrors with them though

 

[ForexTus]

FED have made a 'soft pivot' though by indicating that future hikes may not be as aggressive as they originally thought. All politically motivated smoke and mirrors with them though

I agree, i think its a very fluid situation and i dont think they know fully whats around the corner so ill be keeping a more short term view

 

[TareqS]

The pair has been bearish in the H4 chart. However, it may find its support around 1.53200. A bullish reversal pattern may attract the buyers to push the price towards the North from there.

 

[Petezaa]

I'm still bearish on this pair from 1.6000 - let's see what happens.