Market Technical Analysis – EUR/USD, EUR/GBP and AUD/USD

Video Topics

• EUR/USD is about the test one of the most important principles of price action trading that broken resistance becomes a support. At first reaction we can see some demand but it is not yet significant to trigger a full buy signal
• On the other hand the buy signal on the EUR/GBP is present and is doing great. After the bullish breakout from the symmetric triangle, the price is still heading higher and is very close to the first important horizontal resistance, which should be tested soon
• AUD/USD is trading very technically, making fourth tred continuation pattern in a row. As long as we stay below the mid-term down trendline, the sentiment is negative with an interesting trading opportunity with a good risk to reward ratio.