S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts:
Short term sentiment remains downward The price reacted to the horizontal resistance area at 1.6300
Recommendation: Trade: Short EURAUD at market price Target: 1.6250, 1.6233 Stop: 1.6330
Opinion: Looking at the EURAUD chart from a short-term perspective, we can see that the price bounced off the key resistance today. The area at 1.6300 is marked with previous price reactions. According to the classic technical analysis, the further downward move looks to be the base case scenario. In addition the price sits below the 100-period moving average from the H1 interval. We recommend going short EURAUD at market price with two targets: 1.6250 and 1.6233. We also recommend placing stop loss at 1.6330. Source: xStation5
