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Eur_aud

A possible EUR/AUD LONG opportunityAs EUR and AUD complete their yesterday big move, now i think there might be a opportunity for EUR/AUD here. Here this could be a possible bottom for EUR/AUD to stop(A=C), and start a bounce. Conservatively, i think this rally can be at least up to 1.5622(TP1) and 1.5669(TP2).That is around 0.382 FIB/76.4% distance and 0.5 FIB leve/100% distance of wave D. Before Eur makes its mid-term direction, I think it is good for us not to take too much risk now. Let's see.
Long
by maosang
Can the Aussie sink the Euro?Today’s Fed announcement that “many” Fed members are too concerned about global growth (especially China) to raise rates soon sent the USD into a tailspin. The announcement also emboldened the AUD against the EUR. The Eurozone is China's largest trading partner, and it stands to reason that a weak China is bad for the Eurozone. The same is true for the AUD, and perhaps the market is ignoring the Eurozone flexibility that Australia's economy lacks. Looking at the chart the moment of truth is upon us in the form of a support/resistance line at 1.5550. A break below this line could be the beginning of a major push lower in EUR/AUD as low as 1.38 over the medium term. I believe a EUR/AUD bounce here is more likely than a fall, and the bullish inverted hammer could be the beginning, but it needs confirmation. www.sealionllc.com
by positionforex
2
The Euro is Stronger than you ThinkIf you listen to the rhetoric around the Euro you would think the currency was crashing: EUR/USD keeps the bearish view – Scotiabank EUR/USD visits fresh lows post-US data Most of this negative Euro-rhetoric is more about the USD than the Euro. While the Euro has had some significant negative days, the currency is slightly higher today than it was one month ago and about the same level it was three months ago. Read the rest of the post here... bit.ly
Long
by positionforex