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3 Setups With Weaker Euro

Published 06/27/2018, 07:07 AM
EUR/USD
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EUR/JPY
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EUR/AUD
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Today we can see a good occasion for a weaker Euro. We do not have proper trading signals yet, but three pairs are very close to have those in the nearest future.


EUR/USD created a head and shoulders pattern after bouncing from the mid-term down trendline. We already broke the neckline and currently, we are testing that as a resistance. Price making new daily lows will be a signal to go short.


EUR/JPY bounced from the mid-term up trendline but we think that this may not be the end of a bearish pressure. Price breaking that dynamic support will be a great occasion to sell.


The last one is the EUR/AUD, which bounced from the 61.8% Fibo and is very close to break the horizontal support along with the lower line of the flag. In case that sellers will succeed with that, the strong sell signal will emerge.

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