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Euro / Australian Dollar
Long

EURAUD BULLISH SETUP IS READY

By Forex48_TradingAcademy
On EURAUD, we notice a price consolidating around 1.592 within a demand zone. The price is consolidating after breaking a bearish trendline. In this area, many buying orders are accumulating, suggesting a potential increase in the stock price up to 1.62, where we have an interesting supply zone. I don't exclude a rise towards the 1.64 area.

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Happy trading to all.

Nicola CEO of Forex48 Trading Academy




educationEURAUDFundamental AnalysisTechnical IndicatorsLONGpriceactionsetupstrategySupply ZoneTrend Analysis
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