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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/AUD trading recommendations for 9th June 2016

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EUR/AUD has formed a bullish divergence vs RSI since our analysis yesterday, and this gives us a good conviction of it making a strong bounce from here to the divergence potential of 1.5330, which is also a fibonacci retracement level.

Trading recommendation:

Entry now

Take profit at 1.5330 and 1.5300

Stop loss at 1.5175

The material has been provided by InstaForex Company - www.instaforex.com