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.
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