EURAUD / H1 / Daily Forex Technical Analysis / 10.14.2019

14 Okt 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is October 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to find support with this minor pullback at the 1.626 region after breaking above resistance and flipping bullish. If price action can hold this area of support we will be looking for an opportunity to go long. Entry for a Long position near the 1.62625 area, with a Stop Loss near the 1.62268 zone, with a target profit level area of 1.63460 to ensure a profitable trade with a 2.34 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!