Euro vs. Aussie - Medium Term Trading Idea - 22 July 2022

EURAUD dropped over 2000 pips in Q1. Q2 was really interesting accumulation period, still in corrective waves. After 700 pips strong drop in July it is good time to position for the next 2 months till end of September

What is the supported thesis technically for the expected scenario on EURAUD?

- Big capitulation is already done and 700 pips sharp move
- Accumulation and still in A-B-C corrective wave
- Strong support @ 1.4570

If you have any questions related to this trading idea I will be happy to provide you with answers.EURAUD