EURAUD SETUP LONG TERM
EURAUD
*The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement.
* The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view
EURAUD is in a upward trend.
* Therefore we can expect downward movement towards the 1.65000 level .
* A buy option after this level will be most suitable with a Take Profit at : 1.72000
Always use risk management to ensure not to overtrade
*The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement.
* The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view
EURAUD is in a upward trend. * Therefore we can expect downward movement towards the 1.65000 level .
* A buy option after this level will be most suitable with a Take Profit at : 1.72000
Always use risk management to ensure not to overtrade
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