Spoiler:
On the H1 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 1.2346
Thread: Eur/Aud
On the H1 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 1.2346
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Pair formed tapered triangle with 1.2500 support level .. but that's the general mood of the market decline of the euro seems to come ... so very possible breakdown down and continue to reduce the pair to 1.2350 marks ...
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After back to weekly support 1 level (1.2552), EUR/AUD throuch fell down and hold by daily ressistance 1 level (1.2535). Price look in overbought area, so it cann't able to move up again. But it predicted will rise until back to its daily highest price.
EUR/AUD's correction from 1.2823 could still extend lower. But after all, we'd expect strong support from 1.2328 to contain downside and bring rally resumption eventually. Above 1.2669 minor resistance will turn bias back to the upside for 1.2823. Break will confirm resumption of rally from 1.1602 and should target 1.3028 key resistance next.
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it had a long 2 months trend up wards now it going down, and it really has to be well maintained in the same. it has started a down trend but I think it might go a little bit down and start moving up again, maybe 2oopips
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Big trend on this pair (EURAUD) still on bearish. But, for intraday look weak. The price now move on near that daily breakout line (1.2484). Just wait and see = it's better. Of course - if then the seller can break down too to that 1.2484 = this is will probably a nice trigger to become nice bearish continuation here.
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EURAUD had broken the support level at 1.2528 yesterday. Now, this pair still moving in ****ual down trend. I think this down trend will continue today and I expect EURAUD will reach the next support level at around 1.2447. But it may fails, if EURAUD can rise and break 1.2528 resistance level successfully
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Eur/aud technical analysis for 26.10.2012 by using : Auto pivot indicator.
resistance 3:1.2585
resistance 2:1.2564
resistance 1:1.2532
pivot point :1.2511
support 1:1.2479
support 2:1.2458
support 3:1.2426
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Sell EURUSD at 1.3000 SL 1.3040 TP 1.2960
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EUR/AUD dips lower as consolidation from 1.2823 continues. Intraday bias is mildly on the downside for further fall. But note that strong support from 1.2328 to contain downside and bring rally resumption eventually. Above 1.2669 minor resistance will turn bias back to the upside for 1.2823
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