17 Sep 2019

EUR/AUD Forex Analysis and Forex Signal

by kyza | posted in: Market Commentary, slick trade, slicktrade, SlickTrade Online Trading Academy | 0

The EUR/AUD is currently at the 200 SMA on the D1 timeframe. We are looking to go long with targets at previous key resistance levels.

Price is at the 200 SMA on the D1 timeframe. Long target of – 1.62116 – 1.656374

What Other Trading Experts Are Predicting

There is a fake breakthrough. And EURAUD could Re-rising again from the support line. On the case that EURAUD rising again, the channel now is changing to a wide wedge . Price could reach the upper line again for 670 or more pips.

The corrective wave is just begin.

EURAUD D1 LONG IDEA

EURAUD buy trade from 1.6100 area aiming for 1.66000 closes. Stops set on weekly closes below 1.5900.

EURAUD Long

My Thoughts!

Price is at the 200 SMA on the D1 timeframe. Long target of – 1.62116 – 1.656374

Cheers to another successful week!