EURAUD on daily candles of last few days breakthrough and now dropping back to demand zone where we expect price to bounce strongly and at least we expect target one to accomplished by end of January. While target two and three remain a long away from our current price area. Stop Loss should be below the strong wick of daily candle.
From fundamentals side AUD will be weaken and EURO can be bullish for next few months, taking entry will require a strict risk management as this is a swing trade, do not expect to achieve the target in couple of hours or days.
Good luck and trade safe.
Trade active
Note
245+ PIPS TAKE Profit 1 hit, focusing on target two now!
Note
392+ PIPS, currently price making some corrections. Close 50% of your positions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.