Two buy opportunities on this chart for EURAUD
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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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
---------------------------------------------------------------------------------------------------------------------
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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️