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EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.66551, 1.66798, 1.67015

Key Support Levels: 1.65934, 1.65686, 1.64534

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 resistance levels 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 1.64534 and 1.64856 and has sustained above that. As of now the pair has broken and retested a minor level of 1.65934 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.66111

TP @ 1.66407

Stop Loss @ 1.65814

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.

One comment

  1. Good morning , what broker do you recommend for US citizens for forex ? I am currently with but they don’t have the Gold currency XAU/USD option. Please advise? Thank you in advance

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