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EUR/AUD Signal - EUR Trade Balance - 13 Aug 2021

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Signal Details
Entry Price: 
1.6001
Take Profit: 
1.6049
Stop Loss: 
1.5949
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURAUD is trending to the upside prior to the EUR Trade Balance data, which measures the total imports and exports for the Eurozone. Technically the pair is continuing to the upside after a slight correction in a bull market. Technically the pair has broken the corrective downtrend line and we anticipate continued upside into the 1.6049 level.

Submitted by Toni H. on Fri, 13 Aug 2021 05:40:34 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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