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EUR/AUD Signal - EUR Sentix Investor Confidence - 9 Aug 2021

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Signal Details
Entry Price: 
1.6016
Take Profit: 
1.6118
Stop Loss: 
1.59610
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURAUD is trading to the upside today prior to the EUR Sentix investor confidence data, which is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. Technically the pair has broken a descending wedge pattern to the upside, and the RSI is indicating a bullish move. We anticipate continued upside into the 1.6118 level.

Submitted by Toni H. on Mon, 09 Aug 2021 00:22:42 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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