JLS Trade: AUDEUR Bullish x EURAUD Bearish

The AUDEUR bullish in short term from 0.6075 to 0.6350 and EURAUD bearish in short term for equivalent rate. The EURUSD is bearish and the AUDUSD is bullish, at such the long trade on AUDEUR or short trade on EURAUD is at low risk.

Comentário:

Price differentials:

The analysis is based on AUDEUR for 0.6075 to 0.6350 for about 275 PIPs and the equivalent rate to EURAUD estimated to 1.6400-1.5700 for 700 PIPs. And the price differential estimated to 425 PIPs. Therefore, for analytical purpose it is preferable by AUD-based measurement (AUDCHF, AUDJPY, AUDEUR and AUDUSD).