Technically EURAUD was at a resistance level and price rejected forming an inside pin candle. We looked
for a mean reversion trade here back into the daily highs before seeing an impulse higher. Unfortunately,
the Aussie has continued to weaken into today's session also stopping us out of our position.
With the CoT reports highlighted a 106% rise in short contracts, more upside looks likely here.
for a mean reversion trade here back into the daily highs before seeing an impulse higher. Unfortunately,
the Aussie has continued to weaken into today's session also stopping us out of our position.
With the CoT reports highlighted a 106% rise in short contracts, more upside looks likely here.