EURAUD short bias

EURAUD
EUR/AUD has a short bias based on a prevailing downtrend identified through fundamental analysis and technical analysis. Look for a robust resistance level and confirm bearish momentum. In terms of fundamentals, leading indicators favor Australia. Stay alert to global events affecting the EUR and AUD. Implement risk management strategies by setting a stop-loss keeping in mind volatility, and also for take-profit. Adjust position size to your risk tolerance. Keep a vigilant eye on market developments and be prepared to adapt your strategy in response to changing conditions or unexpected events.