Monthly Archives: August 2018

EURAUD: Next Leg Down to Materialize Below 1.5600

It’s been nearly two weeks since I last discussed the EURAUD, so I figured it’s time for an update. And although the pair hasn’t gone far since then, there have been a couple noteworthy developments. But first, I want to revisit the breakdown that occurred on August 3rd.

If you’ve been following …

EURUSD on recovery after rebound on 1.1300; risks still on the downside

EURUSD recorded three consecutive green days following the rebound on the 14-month low of the 1.1300 strong psychological level, achieved on August 15. The technical indicators continue to move in bearish zones, with the RSI flattening below the threshold of 50 and the MACD oscillator developing…

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