Forex Signals – EUR/AUD Technical Analysis and Forecasts [29-07-2020]

EURAUD Forex Trading Signal

EURAUD Technical Analysis and Forcasts 

Price Expected to Continue Downtrend.

Time Frame- 4H

1- Market Sentiment – Bearish.

2-Price Bounce Back at Resistance Level

Trade Setup

Position :- Short
Entry Level :- 1.6360
Stop Loss Level :- 1.6500(140 pips)
Take Profit Level :- 1.6100(260pips)

Alternative scenario

UP Trend Maybe Continue if price break Above 1.6500 which will leads to 1.6700

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Note:-

Forex Trading is Highly Risky Business , do your own research and be aware of the risks and rewards. Always use Stop Loss. 

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