EUR/AUD Strong Euro going to bash the Aussie dollar [BTFD]

Strong Euro this week and a weak Aussie dollar and will show possible gains over the last of the holiday weeks this summer 2018

potential for the EUR/AUD to keep on climbing up and possible retest of the highs back in March and may earlier this year

1.572 is the area im looking to go long from with a possible pullback hitting near this level, with a S/L just under August 7th low, strong support area on that 200EMA, looking for price to hit the 100EMA for that pull back entry

Cycle of Power indicator is bullish, RSI centred and the AO indicator also showing a nice bullish signal too

Komentarz:

nearly hit top of target, stops can be raised if you want to try and take it higher

AUD looking very weak still

Transakcja zamknięta: osiągnięto wyznaczony cel:

trade successful

Komentarz:

if price can stay above trend line we can see some more gains on this pair with a strong EURO potentially these next weeks coming

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