EUR/AUD presently mark: 1.56550

Forecast: Buy

H4 Key points:
Top Resistance: 1.59500
1st Resistance: LWMA
Floor: 1.56300
LWMA: Bearish
StochF: Bearish

Despite bearish Stochastic Fast and LWMA(14) the right decision for this pair is buy. Mostly because the price is at the floor and probably it will recover at least until 1.57500 with 2nd target at 1.58500 before top resistance. The second reason is we can get a huge profit with a very small risk (placed just below the floor)

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