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    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    Trading EUR / AUD – Sellers Stopped Cold?

    By Eliseo Agas | November 7, 2007

    Check out the EUR/AUD Daily. We have a rough double bottom indicating that sellers may have finished their onslaught…for now.

    The 4-hour chart shows buyers powering up. This is as good as any a point to test the waters with a small probing trade. If we see a break above 1.5740 bid I’ll fee a lot more confident that sellers have probably stepped away.

    If on the other hand price action breaks below 1.5495 bid then I’m out.

    EURAUD Daily

    EURAUD 4 Hour


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    Topics: What To Look At In The Market | No Comments »

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