Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.6559).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Currently the market has been forming LL and LH in a downtrend.Price is below our 200,50,20 EMA. As well as our ichimoku clouds are above price which suggest that the market is still in a bearish phase. With price action on our monthly weekly and daily has illustrated a bearish candlestick. , . Fianlly for price to reject our 20 EMA which will give us a final...
