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EURAUD / H1 / Daily Forex Technical Analysis / 5.14.2019

Long
Euro / Australian Dollar (OANDA:EURAUD)  
FuturesForexClasses  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Harmonic Patterns EURAUD dailyanalysis Technical Analysis forexsignals Forex forextrading may2019 forextradingzones forexanalysis
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trendanalysis chartpattern harmonicpatterns euraud dailyanalysis technicalanalysis forexsignals forex forextrading may2019 forextradingzones forexanalysis
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we can see price action had a nice bullish continuation off the 1.60595 region. Price action seems to be slowing down here and we will look for a minor retracement to enter a Long position. If price action reverts back to the 1.6100 area we would looking for a long entry near this area. Entry for a Long position near the 1.6100 area, with a Stop Loss near the 1.60762 zone, and a target profit level area of 1.61622 to ensure a profitable trade with a 2.52 to 1 R/R.
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