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Eudaud

EURAUD is in The bullish DirectionHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD 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
Long
by ForexMasters2000
1
#EURAUD 1DAYEUR/AUD 1-Day Chart: Sell Opportunity Sell Level: 1.66200 Target Levels: 1.64800, 1.63800, 1.63000, 1.61500 Description: We are observing a potential sell opportunity in the EUR/AUD currency pair based on the daily chart. The pair is currently trading around the sell level of 1.66200. Here’s a breakdown of the trade setup: Entry Point: Sell Level: 1.66200 Consider initiating a sell position if the price reaches or slightly exceeds this level. This is where the market shows signs of resistance and a potential reversal. Target Levels: 1.64800: The first support level where the price might encounter some buying interest. 1.63800: A deeper support zone where the downtrend could potentially accelerate. 1.63000: A key psychological level that may offer significant resistance or a bounce. 1.61500: The final target, which represents a substantial retracement and a critical support zone for the pair. Trade Rationale: Technical Indicators: A bearish signal is suggested by recent price action, technical patterns, or indicators that show overbought conditions at the current levels. - **Market Sentiment:** Look for any recent news or economic data that could support a downward movement in EUR/AUD. Risk Management: - Ensure to set appropriate stop-loss orders to manage risk in case the market moves against your position. A stop-loss above the sell level or a specified percentage away from the entry point could help mitigate potential losses. Note: Always consider conducting your own analysis or consult with a financial advisor before making trading decisions. Market conditions can change rapidly, and it's crucial to stay informed about economic events that may impact currency movements.
Short
by PIPSFIGHTER