EURAUD Hits 100 Pip Target What Next?

Tues 7th March 2023 : Daily Currency Strength Analysis

In Today’s Video we’re looking at Trading Setups in:

• EURAUD
• GBPAUD (Covered in Video)
• AUDCHF (Covered in Video)

EURAUD Hits 100 Pip Target What Next?

In today’s forex strength video we identified that the Euro (EUR) has the third strongest currency on the day traders table.

The Australian Dollar (AUD) is the weakest currency across both tables.

This means we could see EURAUD continue to trade higher.

Yesterday we featured EURAUD for long trading opportunities, if you followed along price reached out 100 pip targets of 1.5950.

Now the price is at this resistance we could see price pull back into support for another long opportunity.

Previous highs and trendline support come in around the 1.5800 level.

If price reaches this level and price forms bullish price action, we could look for buying opportunities back to the highs of 1.5950.