EURAUD Simple Trading Plans Into July

Jun 28The Sentiment case facing the EURAUD is causing a mid term downtrend off the back off a more committed ECB to easing.

Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).

A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.

B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)

Jun 30

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Long bias continued into Monday. Not overly keen on CB sentiment but willing to add lightly.

Jul 1

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Out for gains on overnight longs.

Jul 2

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Willing to creep in with tiny shorts, no mega risk.

Jul 3

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Continued Bias ^ Shorts.

Jul 18

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