hsa2501
Long

EUR AUD on the rise i think. WEEKLY FRAME

FX:EURAUD   Euro / Australian Dollar
Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle . Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)

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