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[QUOTE="riki143, post: 121938, member: 29499"] [B]EUR/AUD reversed from long-term support level 1.3730[/B] 2/17/2017 EUR/AUD reversed from long-term support level 1.3730 Next buy target – 1.4000 EUR/AUD recently reversed up sharply from the powerful long-term support level 1.3730 (which also previously reversed the price multiple times at the start of 2015, as can be seen below). The support zone near the support level 1.3730 was strengthened by the lower weekly Bollinger Band. If the pair closes this week near the current levels it will form the weekly Japanese candlestick reversal pattern Hammer. Given the oversold reading on the weekly Stochastic indicator - EUR/AUD is likely to correct up further to the next buy target at the round resistance level 1.4000. [IMG]https://new.fxbazooka.com/img/articles/12542/EURAUD_-_Primary_Analysis_-_Feb-17_1634_PM_(1_week).png[/IMG] More: [URL]https://new.fxbazooka.com/analytics/12542[/URL] [/QUOTE]
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