Midday Forex price action Analysis – 2017-01-17 (Potential Setup on EUR/AUD)

Posted on

We have a potential long set up today on EUR/AUD, price has been stalling on the 1.4150 support area for a few days now. With May’s speech now out of the way, we might seem some volatility returning to the Euro, creating a reversal on this pair.

NZD/USD is not showing a clearly defined set up at the moment. However, the pair is headed into the 0.7220 resistance area from which we may see indecision followed by a reversal.

Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live!

[youtube-banner]