ForecastCity_EU

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 suggested resistance line (1.6950). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 1.6615
TP2= @ 1.6400
TP3= @ 1.6085

SL: Break Above R2
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Comments

I like your Ideas very easy to understand!
Reply
thanks for your ideas
Reply
Thank you for your time and sharing of knowledge.
Reply
Good analysis as usual
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