EURAUD Weekly update 08.08-12.08

7 Ağu 2022

We may see a major reversal (double bottom) or new lower low. The gas crisis in Europa may melt all euroxxx pairs. There is a lot of potential to the down side, price is also in down trend. In all cases the pair will consolidate a bit more around current area.

Short term bias - bearish
Long term bias - neutral