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It might a good risk to reward position to look for buying AUDUSD after RBA decision no to tighten their policy during this month. Connecting this information with USD it looks really promissing.
EUR however after a pretty long time finally gets nears 1.36-1.37 level which I strongly remember was a level where all the speculation about EU being overvalued started. Bulls which are now in force but I think that they will start closing their positions very soon and make a longterm distribution to 1.30 levels what is a normal range for this currency pair ( 1.40-1.30 )
GBP after a series of a very good information reached the top of a very long consollidation ( look at W1 ) where bears might start opening and build their longterm positions. I might be a very good place with strong risk to reward relation to start selling GBP.
EURGBP is its first example, another might be GBPUSD after resolving USD problem. USD index is also at strong demand zone that is why USD might be the most preffered currency in the near future. Not now but very close.
EUR however after a pretty long time finally gets nears 1.36-1.37 level which I strongly remember was a level where all the speculation about EU being overvalued started. Bulls which are now in force but I think that they will start closing their positions very soon and make a longterm distribution to 1.30 levels what is a normal range for this currency pair ( 1.40-1.30 )
GBP after a series of a very good information reached the top of a very long consollidation ( look at W1 ) where bears might start opening and build their longterm positions. I might be a very good place with strong risk to reward relation to start selling GBP.
EURGBP is its first example, another might be GBPUSD after resolving USD problem. USD index is also at strong demand zone that is why USD might be the most preffered currency in the near future. Not now but very close.