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Euraudanalysis

EURAUD : Short Trade , 4hHello traders, we want to check the EURAUD chart in the 4-hour time frame. After moving in an ascending channel, the price has reached the resistance level of 1.63800 and also the ceiling of the ascending channel. We expect that this resistance level will stop the upward trend of the price and the price will reach May the specified targets fall, good luck. EURAUD sell Entry : 1.63775 Stop : 1.65455 , Target1 : 1.62070 , Target2 : 1.60420 Risk/Reward Ratio : 2
Short
by mrAT_Trader
Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low. Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot. The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
Long
by CityIndex