EURAUD has recently hit a strong daily support level indicating a buying position. On the 4hr chart, we have a closed dojo candle which is confirming our entry. With this, we seem to have an oversold market on the RSI Indicator. When markets open we will be looking to Buy this position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.