fxsignals4pips
Long

EURAUD retests support zone; prepare to trade the range

FX:EURAUD   Euro Fx/Australian Dollar
5 0 1
Despite successfully testing and reversing from the resistance turned support zone, this pair would be considered in a range until it is able to break out above the 1.48~ price level. Going long has a much better pay off in this range, but keep in mind that the EMA-60 setting is working as a dynamic support and resistance level as well.
In-depth analysis at RewardtoRisk.com
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