We got rejected at the trend line but it wasn't a hard one. I am expecting possibly some consolidation in this zone before continuation up wards to 1.655 / 1.659 range which will complete our WXYXZ pattern.
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EURAUD bounced off 1.61325 where it could potentially rise further to 1.62231.
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More technical than fundamentals on this one, nice RR 5. Risky trade with the week ahead, but nice reward if it all goes like expect!
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to find support with this minor pullback at the 1.626 region after breaking above resistance and flipping bullish. If price action can hold...
EURAUD Weekly Short opportunity
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EURAUD reversed off its resistance at 1.63682 where it could potentially drop further to 1.62797.
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EURAUD in my view is coming to the down side, but im looking for that bigger time frame head and shoulders. but at the moment we still have a way to go. price has given us a tight bull flag after heavy impluses today on the EURO. so expecting this to creep up 70-100 more pips before we see a sell off.