Two buy opportunities on this chart for EURAUD

Sep 23, 2020

Mid-Term Forecast

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.635). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 1.6550
TP2= @ 1.6885
TP3= @ 1.7315
TP4= @ 1.7815
TP5= @ 1.8570

SL= Break below S3

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Short-Term Forecast

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6335). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.

Take Profits:
TP1= @ 1.6480
TP2= @ 1.6550
TP3= @ 1.6760
TP4= @ 1.6890
TP5= @ 1.7020

SL= Break below S3

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