Forex Trading recommendation on EURAUD 9-05-2016 by AzaForex forex broker

Making the most out of your foreign exchange investments .
Euro still can not calm down and could not break through the Australian dollar resistance. Again the pair approaches the 1.5600 level, and again a bounce from the ceiling. Not often we can see such figures in the graphs in the Forex market. Taking into account the persistently of Bulls with which they are every time again spoiling for a fight, you can assume that the Bears defense might crack and the price will jump only on the pulse of various orders for traders and investors exposed to the resistance level. If the breakdown will happen we join and buy Euro
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
 
If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 1.5600
•             The level of profit and close the position: 1.5800 (200 pips)
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1243.40
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1170
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9930
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4480