Is EURAUD the best AUD technical trade?
I know some of you traders like dabbling in EURAUD and now I know why. If ever you want to see the tech working like a dream, this pair is doing it very well.
EURAUD daily chart
If you lean against the 55 dma, the 100 has your back, if that's a dud the 200 is there to help too.
If you take a wider look you can see that the trend down from late 2015 is pretty clear. Warning bells start ringing under 1.3800 and any dips under 1.3700 is where the real near-term danger for this pair ramps up.
EURAUD weekly chart
