Preferred direction: SELL
Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296. The price, having already felt resistance, stopped its movement at the level of 1.66000.
Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach to the level of 1.66296 (scenario №1). A fall from current prices is less likely, but can also be considered under conservative risks. The target for the fall is located at the level 1.64609.
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Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296. The price, having already felt resistance, stopped its movement at the level of 1.66000.
Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach to the level of 1.66296 (scenario №1). A fall from current prices is less likely, but can also be considered under conservative risks. The target for the fall is located at the level 1.64609.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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Trade closed: target reached
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
Disclaimer
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.