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EURAUD long view

Long
Euro / Australian Dollar (FX_IDC:EURAUD)  
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FX_IDC:EURAUD   Euro / Australian Dollar
Support and Resistance Trend Lines
2
0
supportandresistance trendline
On the daily time frame, we see that the pair, after finding support and a smaller pullback to 1.56000, now stopped and started to lose power consolidating now to 1.55000-1.55300. Moving averages of MA20 and EMA20 are on the bullish side for now with the current MA50 titration. If the pair manages to consolidate, we look towards the previous high at 1.56800, looking towards the 1.58000-1.60000 zone.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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