EURAUD Lower
Обновлено
I'm trying EURAUD lower here.
technicals show a double top previously.
narrative is moving more towards EURAUD lower, china is reopening slowly which should benefit AUD. EU energy prices were rising again last week and HICP fell as well which could mean more dovish ECB, these two being big drivers of EUR strength recently.
correlations suggest lower, VIX is lower, risk sentiment is good, china stocks rising, commodities are rising as well.
sentiment and positioning is extremely high.
Not trading/investment advise, feedback welcome!
technicals show a double top previously.
narrative is moving more towards EURAUD lower, china is reopening slowly which should benefit AUD. EU energy prices were rising again last week and HICP fell as well which could mean more dovish ECB, these two being big drivers of EUR strength recently.
correlations suggest lower, VIX is lower, risk sentiment is good, china stocks rising, commodities are rising as well.
sentiment and positioning is extremely high.
Not trading/investment advise, feedback welcome!
Заметка
moving stop to 1.5711, not sure why the EUR is strengthening today other than yields but i don't think it lasts
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