Nice short has opened up with the trend, follow the trend, with your short take profit levels
I am going for: TP 1 - 1.56755
TP2 - 1.56520
TP3 - 1.56320
This week’s EUR/AUD movement has been focused on Australian Dollar strength. Today’s Eurozone data has been too mixed to influence the Euro’s direction much either.
German factory orders from November beat forecasts, avoiding an expected contraction and coming in at 2.3%. Eurozone construction PMI was weaker than expected though, printing at 45.5.
Optimism that coronavirus vaccines will help the Eurozone economy to rebound from the pandemic continue to keep the Euro fairly appealing overall.
I am going for: TP 1 - 1.56755
TP2 - 1.56520
TP3 - 1.56320
This week’s EUR/AUD movement has been focused on Australian Dollar strength. Today’s Eurozone data has been too mixed to influence the Euro’s direction much either.
German factory orders from November beat forecasts, avoiding an expected contraction and coming in at 2.3%. Eurozone construction PMI was weaker than expected though, printing at 45.5.
Optimism that coronavirus vaccines will help the Eurozone economy to rebound from the pandemic continue to keep the Euro fairly appealing overall.
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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.
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.