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Trading Idea - EUR/AUD, 01-12-2023
Trading Signal: EURAUD
| Order | Buy |
| Direction | Range Bound |
| Pattern | Trading in flag pattern |
| Interval | 1 hour |
| Length (Candles) | 2 |
Idea Summary
The short term EURAUD price forecast is bullish. The EURAUD price is retracing up after testing the support of a flag chart pattern. Most likely the price will continue rising toward the Fibonacci 21.6 level while there is a likelihood it may reverse and start declining to retest the support again.
Note:
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