EUR/AUD: Topping formation negated; buy-dip proposition once again
Yesterday we had strong support at 1.4450 holding firm in EUR/AUD and today the prospective topping formation has been negated by the break back above 1.4750. Looks like a clear buy-dips proposition once again.
Hi sean since euraud is a clear buy dip . wld if affect your long position in audusd?
I’m bit worried Muneer, but overall my average entry for the trade is well below 9000 so I’m happy to stay patient and hope it turns around
sean I don’t like the bounce in aud/usd from lower levels and specially the kiwi is not reacting at all to the aussie bounce. I think we are heading down once US opens