Reason for Selling EUR/AUD :

EUR/AUD was moving between the ranges in H1 Chart.

Finally, market broken the bottom level.

Due to more number of Sellers in EURO, Our Analyst team has given Sell Signal to our members.

As per our technical analysis, market has went down around +560 points profit but not reached our Take Profit Target.

As per the Fundamental Economic Event, Australian GDP rate is announced before sometime.

The Australian GDP decreases from 0.9% to 0.6%

Due to that negative result of Australian GDP rate (0.6%), The AUD becomes weaker in short time.

This is the reason for EUR/AUD to keep moving up in short time.

In Forex market, Fundamental wins 20% of the time, technical wins 80% of the time. On this trade, fundamental wins at this time.

Start to Learn, Trade Forex market in technical ways with the help of Forex Experts team.

Please Don’t Trade forex market all the time, trade forex only at good opportunities available in the market.

Trade with care.

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Thank you.
Forexgdp Team.

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Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.