Euraudlong
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5871).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.5919
TP2= @ 1.5973
TP3= @ 1.6013
SL= Break below S2
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💡Don't miss the great buy opportunity in EURAUD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5818).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 47.
Take Profits:
TP1= @ 1.5858
TP2= @ 1.5902
TP3= @ 1.5942
TP4= @ 1.5977
TP5= @ 1.6000
SL= Break below S2
❤️ 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 / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURAUD, Trending near the Long term Support area near 1.56-1.57EURO against Australian Dollar , after a completely bearish week , Expecting this pair to off the Support area to see some buyers control this week, It may test the area of 1.59 for a breakout this week , if it happens it may trend a breakout price action.
EUR looks better over AUDEURAUD pair has consolidated good near the July support zones and is not looking for reversal.
RSI is showing the gain of strength and over all the Euro Index is showing positive signs.
on late Friday it broke the 5 day long trendline and now gaining strength.
on hourly it has formed a reversal inverted head and shoulder pattern. and on 4 hourly it has made a good double bottom
recommend to go long now 1.621 with a sl of 1.612 for the targets of 1.6265 .. 1.633 .. 1.655
At Resistance - close above 1.66 good for longPrice nearly reached the support levels and took the support to reach the exact resistance levels in 6 days of trading, this shows how bullish it is. Now at the resistance price is getting rejected little if price closes above 1.66 then there is a good chance for going long.