EUR/AUD Signal - EUR Factory Orders - 4 Dec 2020

Signal Details

Entry Price:

1.6352

Take Profit:

1.6490

Stop Loss:

1.6292

Direction:

Buy

Result:

Loss

How we trade

EURAUD is trending to the upside today prior to the EUR factory orders data. The data is an indicator that includes shipments, inventories, and new and unfilled orders. Technically the pair has just broken back above the 1h 50 moving average, and has broken a bullish pendant chart pattern. We anticipate upside into the 1.6490 level.

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Submitted by Toni H. on Fri, 04 Dec 2020 04:07:58 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

EUR/AUD Signal - EUR Factory Orders - 4 Dec 2020

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