FxWirePro
Long

EUR/AUD takes support near 200 HMA,jump till 1.427 is possible

FX:EURAUD   Euro / Australian Dollar
102 0 0
EUR/AUD             has retreated after making a high of 1.3479. Intraday it has made a low of 1.4060 and recovered from that level.

Intraday trend is weak if it breaks below 1.4000 (200 day HMA ). Break below will take the pair further down till 1.3936/1.3850.

The pair’s minor resistance is around 1.4136 and break above would target 1.4210/1.4280 in short term.

Indicator (1 Hours chart)

CCI (50) - Buy

CCI (14) – Sell

Ichimoku- Buy

It is good to buy at dips around 1.4090 for the target of 1.4210/1.4275 with stop around 1.3998.
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