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EUR/AUD Discussion

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EUR/AUD experience a complete sell off late last week. Trend expected to continue on this week. AUD looks bullish pushing the EUR down. All momentum indications suggest this...
Note the 1hr chart;

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ProfitEqualsYummy said:
Still trending down. Is a rebound likely in the near future? Haven't seen it at this level in a while
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EUR pairs all consolidating a down trend still for the day. AUD pairs are looking bullish. So on that account I would expect further down turn. Although a rebound is animate in the foreseen future. Trading well below the 200ma and the 50ma, certainly looks oversold. Time will tell...
H4 Chart

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Backing there will be more bearish correlation, today and tomorrow as the AUD still looks bullish, keeping the EUR on a down swing...EUR/AUD Awsome indication suggest this...

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EUR/AUD on a indefinite high, appears to be exhausted from all the down side last week, turning on rebound late yesterday afternoon. My money's on it continuing on highs today. The AUD looks collapsed. 1 hr chart looks to be starting new momentum...

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EURAUD has been tanking since early March, (as soon as Russia invaded Ukraine)...is the recovery due to the war easing off?
 
holyLemon said:
EURAUD has been tanking since early March, (as soon as Russia invaded Ukraine)...is the recovery due to the war easing off?
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EUR/AUD momentum certainly slowed down in the past but in the long run i think it is just having a reality check and by persuasion of the invasion of Ukraine, momentum will continue south for some time...:2twocents

P.S. Do you use that EA and does it work for you?

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ProfitEqualsYummy said:
Still trending down. Is a rebound likely in the near future? Haven't seen it at this level in a while
Click to expand...
It looks like the rebound is upon us. It seems to have spouted new roots. EUR/AUD predicted to be changing momentum for the coming weeks...Sample the 1hr chart against the weekly chart below...

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Watching the EUR/AUD closely today and yesterday as I see a opportunistic opportunity to sell the EUR against the AUD. The pair is looking bearish, showing to be oversold on most time frames, excluding the Daily and Weekly & so on. The AUD is at present in a bearish narrative, but look for that to change in the next hours and near future as the AUD looks to regain its bullish form for the day and will see the EUR/AUD further decline today....

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Looking at the charts this morning, I discovered the EUR/AUD 1hr frame has a CUP & HANDLE formation in the mist. I don't really know if I can trust this, because its forex and I've never really heard of these trading patterns working in forex. And just how reliable is the cup & handle pattern.
But I'm a optimist and it would be interesting to see how this so called pattern pans out? Happening at this hour.

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EUR becoming more predictable as the days go on. suffering from a longer then usual downturn since the 18th of August. Looking for further downturn today, on the back of a weakening USD pushing the AUD Higher. Giving current economics, this cold be a substantial fall today and possibly into tomorrow, making new lows, pending on how the the AUD fairs...

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ProfitEqualsYummy said:
As someone who earns in the Euro, can anyone offer any alleviating input? Hoping she will be worth around 1.55aud again soon
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I cruise the EUR/AUD often, Lately since early July it been running on a mainly weaker EUR. I always measure the pair on the balance of the AUD. Just recently its come back into it own again and profiting of the weaker AUD. Watching the highs come in after a while and think it will retrace south again from here. But if the EUR can stay afloat bit longer, you may well see your 1.55.
Still think the EUR/AUD is struggling.
With the AUD market being a bit incoherence or stagnate at best I think it would be good to let the dust settle...
 
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