EURAUD is moving up in a growing corridor

  • May 25 2021
  • by
  • Analyst AZA
EURAUD is moving up in a growing corridor

EURAUD is moving up in a growing corridor

EURAUD is in an uptrend and is moving up in a growth corridor. If you draw a resistance line at the highs of the last 5 days, you will see that the price moves evenly in the channel. Our target at 1.5885 fits well with this resistance. Considering that the Euro is in a constant, but a not strong trend concerning other currency pairs, our goal is quite achievable.

Symbol: EURAUD
Order Type: Pending Order - Buy Stop
Entry Price: 1.5825
Take Profit: 1.5885
Pips Earning: 60

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The profit can be $464.70 if the trading volume of 100000 EUR (1 Lot).

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