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Thread: EURAUD

  1. #1
    Senior Member fxtester's Avatar
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    Default EURAUD


    Medium term trend : up.
    Long term trend : down
    Very long term trend : flat.

  2. #2

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    Well, there is some rollback after previous growth, but bulls are strong enough to break it. I gonna buy it with 1.6580 target.

  3. #3
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    Bulls are fully dominate here. There was a small rollback from local resistance, but I guess it will be broken from second attempt.


  4. #4

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    Bulls lost their pressure and there is a downward trend now. I gonna sell it now with 1.5677 take profit.

  5. #5
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    There was a downward trend all last week on this currency pair. So, I guess, some upward correction is expected to appear on Monday.

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    Local resistance at 1.1426 may not let bulls above. If breakout above takes place, sales area from 1.1480 to 1.1286 will be very promising

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    There should be minor resistance beginning at around 1.1380 today. There is also a level at 1.1340 that the bulls are finding a little hard to break through.

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    It is hard to say what might happen next, but another move down to 1.0684 could still produce a good long trade, and a break above that steep bearish trend line should see a move up to 1.0800 or at least very close to that level.

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