The EURAUD pair first caught my eye yesterday (July 21) after a long sustained (over 30 day) down move from the May 24 high. It formed a five day floor around the 1.4520 level earlier this week and then rallied and attempted to break the 20 DMA and 23.6 Fibonacci zone around 1.4730-1.4750. A close above 1.4730 on the Daily chart will generate a LONG position with Target 1 at 1.4870 and Target 2 1.5025.
Join me on Tuesday (July 26th) when we will have another LIVE ANALYSIS WEBINAR where you can see how we select our opportunities, and set our targets. Last time we had five out of five successful trades. August 4 will see us host the Power of Fibonacci webinar, always an interesting event.
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