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EURAUD Long Term Selling Trading IdeaHello Traders In This Chart EURAUD HOURLY Forex Forecast By FOREX PLANET today EURAUD analysis 👆 🟢This Chart includes_ (EURAUD market update) 🟢What is The Next Opportunity on EURAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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by ForexPlanet20
Threat of high inflation could weaken EURRising high inflation has made several central banks in various countries tighten liquidity to prevent high and uncontrolled inflation from occurring, but the slower approach taken by the European Central Bank (ECB) in starting interest rate hikes can be seen from the steps taken are not as aggressive as several other central banks such as The Fed, Boe and RBA, which yesterday to record inflation The Fed raised 50 bps, followed by the BOE which raised interest rates for 4 consecutive meetings. While the ECB remains dovish in tone, this is because some ECB officials see the economic downturn caused by the Ukraine war and the threat of a gas shutdown also poses a serious threat to the economy. Some bet that inflation in Europe could surpass the US. This is because some officials think that monetary tightening is aimed at reducing inflation in the end it will hamper economic growth, which has already weakened due to rising energy prices. Unlike in the US, inflation is mostly driven by shocks from the demand side. Market Direction By looking at the phenomenon above, it can be concluded that the EUR currency is predicted to tend to weaken against the USD and AUD currencies The pair EUR/AUD leads to bearish Entry Sell R1: 1.485405 R2: 1.490642 R3: 1.495878 Take Profit S1: 1.463936 S2: 1.456213 S3: 1.446133
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by LeoAndreDarmawan