JimMakos
Long

EURAUD 1h bounce on monthly sup/res

FX:EURAUD   Euro Fx/Australian Dollar
73 0 3
Although the pair is trading below 300-MA and MACD is bearish , I cannot ignore the bounce on the well-defined support/resistance level. Going for a high-reward/low-risk trade, which can be improved, if you pick the resistance at 1.5050.
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