Can you believe it’s already the middle of the week?!
It’s a comdoll-European currencies fiesta today with short and swing trade opportunities on EUR/AUD and GBP/NZD.
Get ’em while they’re hot!
EUR/AUD: 1-hour
First up is a nice and simple support trade. As you can see, the 1.6250 handle lines up with a mid-range level that’s also near the 100 SMA
Is the current consolidation a sign that EUR/AUD is ready for a bullish reversal?
Buying at the first signs of bullish pressure
If you believe that the bears are just taking a breather, however, then you can also wait until EUR/AUD breaks below the mid-range lines
Good luck and good trading this one, folks!
GBP/NZD: 4-hour
The 2.0000 – 2.0075 areabroken channel support38.2% Fib retracement200 SMA
Feelin’ like shorting the pound against the Kiwi instead? That’s alright, you can also wait until the currency pair breaks its current consolidation and makes new lows