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Long

EUR/AUD closes above 20 DMA, could takeout 1.5200 (38.2% Fib)

FX:EURAUD   Euro / Australian Dollar
163 0 5
EUR/AUD             close above 1.4849 20 DMA yesterday set targets 1.5204 (38.2% of Aug/Dec fall) in sight

On the day, the pair is trading slightly firmer, ler by AUD weakness post China trade data, currently it is at 1.4994

Momentum studies, 5 & 10 DMAs edge higher, falling 21 DMA at 1.4863 (neutral setup) is support on the downside ahead of 200 DMA at 1.4813 (strong support zone )

Resistance on the upside is seen at 1.5041 (Nov 18 highs) and then at 1.5080 (Nov 17 highs)

We find it good to buy dips around 1.4900, SL: 1.4810, TP: 1.52
Trade closed: target reached
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