This is an idea on the EURAUD which has now broken its previous downtrend, a down trend it's now forming under the previous trend line as shown on the chart, Strength on the Euro might make a retest of the trend line very likely, but after the RBA (Australia Royal Bank) voted to not cut rates, the Aussie gained the strength it needed to put up a fight. Overall the Greenback (USD) remains weak due to geopolitical issues, so currencies such as the EUR,CHF and JPY are gaining strength and this might affect the outcome of the idea on the short term.
Trade safe and look after your capital at all cost.
Good Luck!
Trade safe and look after your capital at all cost.
Good Luck!