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EUR/AUD Signal - EUR Unemployment Rate - 30 Sep 2021

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Signal Details
Entry Price: 
1.6151
Take Profit: 
1.6320
Stop Loss: 
1.6068
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURAUD has formed an inverse head and shoulders on the 1h chart prior to the EUR unemployment rate data, which measures the number of people unable to find employment in the Eurozone. Technically the pair has broken the neckline of an inverse neck and shoulders pattern, and we anticipate continued upside into the 1.6320 level.

Submitted by Toni H. on Thu, 30 Sep 2021 00:08:53 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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