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ForecastCity
Dec 1, 2020 4:43 PM

💡Don't miss the great buy opportunity in EURAUD Long

FX:EURAUD240
Euro Fx/Australian DollarFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.6240).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.

Take Profits:
TP1= @ 1.6406
TP2= @ 1.6458
TP3= @ 1.6571
TP4= @ 1.6684
TP5= @ 1.6812

SL= Break below S2

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Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsEUReuroaudEURAUDForex
Comments
Mehmetozdemi
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Comprehensive analysis.Thanks a bunch
ForecastCity
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@Mehmetozdemi, You're very welcome!
ForecastCity
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@Mehmetozdemi, We appreciate your comment.
Mesutkashmar
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I agree with you.
ForecastCity
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@Mesutkashmar, Thank you for your comment. We appreciate it
Lizabet
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Very nice setup.  Thanks for the detailed chart.
ForecastCity
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@Lizabet, You're very welcome!

Thank you for your comment.
Josef_anderson
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Excellent charting!
ForecastCity
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@Josef_anderson, Thank you for your comment. We appreciate it and wish you the best of luck.
Kamryn
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It's the right choice.👍
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