EUR/USD and AUD/USD levels after the latest French drama and China data

[TrendPulse]

Ngl guys, seeing the euro take a hit this morning over the French political noise has been wild to watch. Meanwhile, the aussie is getting dragged higher because of that better China growth print. Sitting here looking at the charts and wondering how this is gonna play out on the lower timeframes.

EURUSD is currently testing some heavy volume nodes and I want to know how everyone is playing these support levels. Are we looking at a clean break lower or just a range-bound liquidity grab before the New York session really kicks in? At the same time, AUDUSD bulls are trying to push through immediate resistance, but order flow looks a bit choppy up here. Trying to figure out if this is a genuine trend continuation or just a quick fade setup for a scalp.

Anyone else charting these pairs right now, and how are you adjusting your stops around this mess?

 

[Zakami Ng]

EUR/USD looks ugly with the French headlines, but on the 4H I'm actually seeing some classic bullish RSI divergence forming down at these lows. Still wouldn't touch a long just yet though—need to see the MACD cross back above the signal line first or it's just catching falling knives.

AUD/USD looks like the cleaner technical play right now tbh. Daily MACD just confirmed a fresh bearish crossover after that China data. Hard to be bullish on either pair at the moment until the momentum indicators actually flip.

 

[Mason Brooks]

Still wouldn't touch a long just yet though—need to see the MACD cross back above the signal line first or it's just catching falling knives.

Spot on with the falling knives comment @Zakami Ng. Honestly, trying to trade RSI divergence on EUR/USD while French headline risk is this fluid is a quick way to get slipped on a gap. If anyone is insists on catching that bounce, your position size better be halved at minimum—0.25% or 0.5% max account risk.

AUD/USD short has a much cleaner structural invalidation point, but I still wouldn't touch it without a hard stop trailing just above that recent daily swing high. Headline noise can tear through a "clean technical play" real quick if you're overleveraged.