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MtxTrader
Jan 16, 2017 1:44 AM

EURAUD Bounce from October Support Zone Long

Euro Fx/Australian DollarFXCM

Description

As we can clearly see, price has been bouncing between the support and resistance roughly.

After price went down to support last week, a doji candle formed - indicating indecision.

Also, notice how AUD is temporarily weakening, especially seen in AUDUSD and AUDJPY.

Stop Loss and Target may need to be adjusted according to market fluctuation and news.
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