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Wednesday, June 21, 2017

EUR/AUD: Opportunity to Take Profit in Sideways Moment

Even though the currency pair moves in sideways, this is a good opportunity to take some profit.The pair will try to move in the yellow area.

There will be an opportunity to open short position in order to take profit at around 1.4697.

However, shall EUR/AUD reaches 1.4787, then a new market trend is created.

It is better to wait and see to see for the next opportunity.