ForecastCity

💡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 (1.6016).
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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 20.

Take Profits:
TP1= @ 1.5829
TP2= @ 1.5692
TP3= @ 1.5570
TP4= @ 1.5438
TP5= @ 1.5266

SL: Break Above R2

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Comments

Clean and clear analysis. Thanks for sharing
+3 Reply
ForecastCity carefulOwl22772
@carefulOwl22772,  Thank you for your comment. We appreciate it
+1 Reply
happy new year and great analysis!!
+2 Reply
@H_M_P, Thanks 👍
Reply
perfect analysis
+2 Reply
ForecastCity Josef_anderson
@Josef_anderson, Thanks, we hope you enjoy it. 💎🙏💎
+1 Reply
perfect analysis
+2 Reply
ForecastCity ganusap123
@ganusap123, We appreciate your support.
+1 Reply
Going on it, thanks!
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, We hope you enjoy it.
+1 Reply