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ForecastCity_ME
Jul 6, 2021 12:28 PM

💡Don't miss the great sell opportunity in EURAUD Short

Euro Fx/Australian DollarFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.5694).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURAUD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 23.

Take Profits:
TP1= @ 1.5619
TP2= @ 1.5554
TP3= @ 1.5477
TP4= @ 1.5424
TP5= @ 1.5359

SL: Break Above R2

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Comments
davidgolandak
This is great.
ForecastCity_ME
@davidgolandak, Thank you for your feedback. We appreciate it.
Megan_forex
Good analysis .
ForecastCity_ME
@Megan_forex, Thank you for your comment.
carefulOwl22772
Very nice chart.
ForecastCity_ME
@carefulOwl22772, Thank you for your comment. We appreciate it.
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