Euro puts pressure on the Australian dollar in the EURAUD

  • Apr 08 2021
Euro puts pressure on the Australian dollar in the EURAUD

Euro rise against currencies and put pressure on the Australian dollar

The euro has grown very strongly against many currencies. The Australian dollar is no exception and has also come under pressure. The price is approaching the resistance level for the second time, and when this level is broken, it can go another 55 points to the next level.

Symbol: EURAUD
Order Type: Market - Buy Stop
Entry Price: 1.5615
Take Profit: 1.5670
Pips Earning: 55

The result of a trade analysis. The price reached Take Profit on the 3rd day.

The result of a trade analysis.

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In this position, the profit can be $ 425.98 with the order volume equal to 1 standard lot.

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