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

Winning ideas that work well in the forex market feed.
The Euro for several days is in a rising trend against the Australian dollar. Although the bulls have changed the price very much, there is still potential growth rates until the Forex market will start a correction and traders will massively fix their profits. The fact that the price will be for some time to go to the goal no doubt, the question of how long the traders has enough desire to go along with the market.
 
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: 1.5570
•             The level of profit and close the position: 1.5840 (270 pips)
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1277
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1380
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9740
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4370