EUR/AUD - Euro Australian Dollar, European Session - 27/03/08
1,7156. EUR AUD is in an uptrend supported by 4H exponential moving averages. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,7150. The uptrend should continue to gather momentum.
=> We could take a long position at 1,7150. We will put the stop loss below 1,7110 (-40 pips). The targets are 1,7300 (+150 pips) 1,7400 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
=> We could take a long position at 1,7150. We will put the stop loss below 1,7110 (-40 pips). The targets are 1,7300 (+150 pips) 1,7400 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 1,7250 - 1,7310
- Supports
- 1,7150 - 1,7060
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