Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 59.
Do you think the 1h supply just will stop it to the upside, I was possible think maybe break re-test if the supply zone and then go long with trade continuation what’s your thoughts
ForecastCity
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@yaresville1, There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets.