Chart Art: Back-To-Back EUR Bullish Cases With EUR/USD and EUR/AUD EUR/USD and EUR/AUD EUR/USD and EUR/AUD EUR/USD and EUR/AUD
Feel like trading the euro but can’t decide whether you want to trade a major EUR pair or a currency cross?
Don’t worry, I gotchu!
EUR/USD is sitting on a range resistance while EUR/AUD looks set to extend a trend:
EUR/USD EUR/USD EUR/USD EUR/USD : 4-hour
First up is a simple range setup on EUR/USD.
See, the pair just bounced from the 1.0540 zone that held as support at least twice since late February and was a key buy zone back in December.
EUR/USD is almost at the 1.0620 mid-range levels but y’all still have room to jump in if you think that the pair will eventually revisit its 1.0700 range resistance area.
Not convinced that EUR/USD will have enough buyers for a range resistance retest?
You can also wait for a trip to the mid-range or range resistance levels before targeting the 1.0520 lows.
You can even wait for a couple of red candlesticks to confirm a selling momentum if you’re not sure about EUR/USD revisiting its previous support area!
EUR/AUD EUR/AUD EUR/AUD EUR/AUD : 4-hour
If you’re up for a trend trade, then you shouldn’t miss EUR/AUD bouncing from a trend line support that’s been around since mid-February.
Can EUR/AUD sustain its uptrend this week?
Buying at current levels would yield a good risk ratio especially if EUR/AUD revisits its March highs just under the 1.6200 psychological level or makes new monthly highs.
But if this week’s downswing inspires a downside breakout of the trend line and 100 SMA support, then we could see EUR/AUD trade closer to the 1.5800 or 1.5750 previous areas of interest.
The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those that fail
Napoleon Hill