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EURAUD - Downward trend will continue, Short trade by market price recommended

December 14, 2020 7:21:10 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.6085)
Dec. 14, 2020

-75 p
Stop Loss
+75 p
Target 1
+105 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. The first target is at the level of the previous bottom - 1.603, and the second one, in case of an active price decrease, is at the level - 1.6
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