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FuturesForexClasses

EURAUD / H1 / Daily Forex Technical Analysis / 5.22.2019

Short
Euro / Australian Dollar (OANDA:EURAUD)  
FuturesForexClasses  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD h1 dailyanalysis Technical Analysis Forex forexsignals forextrading may2019 forextradingzones
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trendanalysis harmonicpatterns chartpattern euraud h1 dailyanalysis technicalanalysis forex forexsignals forextrading may2019 forextradingzones
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 22nd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we were looking for price action to retest the local highs near the 1.62442 resistance area. And it did, Entry for a Short position near the 1.62357 area, with a Stop Loss near the 1.62588 region, and a target profit level area of 1.61689 would possibly ensure a profitable trade with a 2.89 to 1 R/R.
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