Levels to trade AUD/USD
After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
EUR/USD: short-term trade idea
Information is not investment advice
On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern. As long as the price is above the neckline and the 50-week MA in the 1.1178 area, it will retain the chance to get up to the 1.1215/40 area. The slide below 1.1170 can lead to a correction to the lower levels in the 1.1145 and 1/1125 areas. Still, the uptrend since the end of November is still in place, so buying is potentially a less risky and more profitable option.
Elizabeth Belugina
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