Partner Center Find a Broker

My previous EUR/AUD short may not have gone my way but that doesn’t mean I’m gonna give up trading this pair. The bearish fundamental bias is looking a lot stronger these days, as the ECB is expected to be more dovish with their rate statement while the Australian economy has just released an upbeat jobs report.

EUR/AUD Daily Forex Chart
EUR/AUD Daily Forex Chart

The pair has already bounced off the support-turned-resistance area at 1.5000 and is showing enough selling momentum at the moment. In fact, there’s a neat bearish divergence with stochastic making higher highs and price making lower highs.

Think I should jump in ahead of the ECB rate decision?

Cheers!

Happy time

Other Popular Articles:

What is the STA strategy? Q1 2014 in Review Comdoll Trading Kit AUD/NZD Trade

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.