Euro / Dolar Australia
Singkat

EUR/AUD: Weekly Discussion for the week of Dec. 29- Jan.2

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The EUR/AUD is displaying signs for the continuation of the down-move. The pair has been in an up-trend for a while now, but the weekly shooting stars coupled with the impulse-sideways-impulse sequence possibility on the daily makes us interested sellers. Adding to that, we got a failed breakout higher on the daily, which ended up as a shooting star, followed afterwards by a bearish engulfing. We also got a stochastic cross-over from overbought on the daily, coupled with a stochastic overbought reading on the weekly. All things considered, we’re sellers, aiming to join the newly formed bear trend on the EUR/AUD.

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