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EURAUD: Where is the next LT support lvl?

Please take a look at the next chart:

EURAUD

EURAUD

The EURAUD is in a clear bearish market condition, but where is the next LT support level? (Where we are supposed to set our TP orders). Well, we need go back to June 2000 in order to get the next level, so I guess we net to get it from the monthly chart…

My Plan:

As long as the EURAUD trades below 1.5510 I will be looking for short opportunities.

All long opportunities will be ignored

Trade Safe!
Raul Lopez

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This entry was posted on Tuesday, January 19th, 2010 at 6:51 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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