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EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.68595, 1.69205, 1.69827

Key Support Levels: 1.67377, 1.66442, 1.65580

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.62299 and bounced back. The pair has continued to break a few levels and a trendline which suggests further trend continuation.  

EUR/AUD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.65580 and 1.66442 and has sustained above that. As of now the pair has broken and retested a minor level of 1.67377 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.67919

TP @ 1.68544

Stop Loss @ 1.67291

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


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