ForecastCity_ME

💡Don't miss the great sell opportunity in EURAUD

Short
FX:EURAUD   Euro / Australian Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6123).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.

Take Profits:
TP1= @ 1.6034
TP2= @ 1.5972
TP3= @ 1.5877
TP4= @ 1.5773
TP5= @ 1.5619

SL: Break Above R2

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ForecastCity English Support Team ❤️
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Comments

Super perfect analysis.
Reply
ForecastCity_ME Megan_forex
@Megan_forex, Thank you for your comment. We appreciate it.
Reply
Excellent analysis
Reply
@Lizabet, Thank you for your feedback. We appreciate it
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