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EUR/AUD Signal - EUR Germany Trade Balance - 9 Jun 2021

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Signal Details
Entry Price: 
1.5735
Take Profit: 
1.5555
Stop Loss: 
1.58220
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURAUD has broken the support trendline prior to the Germany Trade Balance data, which shows the domestic balance of imports and exports. Technically the pair has broken the support trendline and has broken bullish structure. The PPO has also given a bearish cross. We anticipate continued downside into the 1.5555 level.

Submitted by Toni H. on Wed, 09 Jun 2021 04:44:49 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.

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