EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
Looking like we are rejecting off resistance after going sideways, I feel EA could roll over to the downside soon. That being said keep in might we have just seen a nice push to the upside so we could keep climbing. Making consecutive higher highs/lows.
Euraudbuy
EURAUD approaching support, potential for a bounce!
EURAUD is expected to drop to 1st support at 1.60906 where it could potentially react off and up to 1st resistance at 1.61786.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURAUD approaching support, potential for a bounce!
EURAUD is expected to drop to 1st support at 1.60393 where it could potentially react off and up to 1st resistance at 1.62153.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURAUD BuyEURAUD Buy
Wait for breakout or retest on trend line
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tradewithsam
#EURAUD,Stop! Ups on the wayThe trend is still bullish on the weekly chart.
After another record that EURAUD has broken in recent months, the currency is falling, the EURAUD is just on the 100 moving average line which has been very stable support in recent months so we will take advantage of our proximity to the support line and recommend buying.
target:1.6120
A potential Buy set-up in EURAUDHello Traders, I would like to present a potential BUY set-up in EURAUD through this analysis.
EURAUD is trading in an upward trajectory for the last 3 years.
Lately, price broke out of the ASCENDING TREND LINE(green line in my chart). While this could imply a bearish reversal in the larger timeframe, I am not so sure about it.
Currently, EURAUD is in an area of support. So, traders can look for BUY entries in 1.5980-1.6010 area with SL below 1.5850.
TPs can be set at 1.6130 and 1.6320 respectively.
If price breaks the first support zone, traders can look for long-entries in the second support zone at 1.5890.
#EURAUD, Great potentialIn the previous 2 times, as you can see in the graph above, the EURAUD stopped at the support line in 1.5990 and immediately rose to 300 pips, and even now there is no reason for history not to repeat itself.
The general trend is an upward trend.
The Stochastic shows oversold and potential trend change.
Target: 1.6250
EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
EA practically stuck on the trend line still. You may have heard me mention that you have to be extra cautious taking trades around trend lines because there is a lot of indecision in the market which leads to confusion. So for the time being I am going to step aside and let EA do its thing.