EURAUD – Shorts are OK

Written by Raul Lopez on . Posted in Trades & Analysis

What do you think about the market this morning? I don’t see many opportunities, most currency pairs are trading at an important level, or they are just trading between random levels making it difficult to trade. Do you agree with me?

One of the very few exceptions is the EURAUD, it is clear that it’s trading in a bearish condition and I’m going to be looking for short opportunities here.

I’d like to see a retracement to the ST resistance level:

If I see significant downward pressure around the resistance level, I’ll definitely look for short opportunities.

The next LT resistance level is around 1.2990

Trade Safe!

Raul Lopez
Forex Course

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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