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Elemont
Oct 24, 2016 7:26 AM

EURAUD Buy Opportunity Long

Euro Fx/Australian DollarFXCM

Description

EURAUD is nearing the bottom of it's trendline on the Daily offering a potential breakout upwards.
If price can break the local trendline, we expect a test of the 200 MA.
Stop loss would be just below the Daily trendline.

If instead the Daily trendline breaks lower, we have a short trade towards next support.
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