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ForecastCity
Dec 31, 2020 4:43 PM

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

FX:EURAUD240
Euro Fx/Australian DollarFXCM

Description

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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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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsEURaud
Comments
carefulOwl22772
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Clean and clear analysis. Thanks for sharing
ForecastCity
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@carefulOwl22772,  Thank you for your comment. We appreciate it
H_M_P
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happy new year and great analysis!!
ForecastCity
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@H_M_P, Thanks 👍
Josef_anderson
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perfect analysis
ForecastCity
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@Josef_anderson, Thanks, we hope you enjoy it. 💎🙏💎
ganusap123
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perfect analysis
ForecastCity
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@ganusap123, We appreciate your support.
Pro_Trader_007
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Going on it, thanks!
ForecastCity
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@Pro_Trader_007, We hope you enjoy it.
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