EURAUD - Trade Analysis

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EURAUD - 9/24-29/17 Analysis

Not a pair I usually trade, but was asked to provide analysis so here's my best take:

Expecting rise to 1.51000 - 1.51700 levels
Followed by decline to 1.48700 - 1.48000 levels

Firm break below 1.47900 can signal further decline to re-test support of 1.44250 in longer term.

Projected Volatility for this pair = 60% to 90% on daily outlook

* Personal analysis only. Please use your own rules and strategies prior to entering market.

** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.

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