EUR/AUD Signal - April 19, 2013



The EURAUD pair is currently testing the 50% level of Fibonacci and is drawing a bearish harami at its contact. In terms of technical indicators, the RSI is currently testing its neutrality area and thus indicates a potential downward entry point. Investors may therefore shorter the pair to aim at first a return on the 1.2570. The stop-loss will be positioned above the latest highs of the markets.
Direction: Down
Entry: 1.2671
Stop-loss: 1.2750


Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at and Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.