EURAUD / H1 / Daily Forex Technical Analysis / 5.14.2019

14 במאי 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we can see price action had a nice bullish continuation off the 1.60595 region. Price action seems to be slowing down here and we will look for a minor retracement to enter a Long position. If price action reverts back to the 1.6100 area we would looking for a long entry near this area. Entry for a Long position near the 1.6100 area, with a Stop Loss near the 1.60762 zone, and a target profit level area of 1.61622 to ensure a profitable trade with a 2.52 to 1 R/R.