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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 8th June 2016

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EUR/AUD is on major fractal support (2x fibonacci projection level + 27% support on RSI) which leads us to play a bounce from here to the 38% retracement target of 1.5330. We can also see how the price has bounced off this RSI support level many times in the past beautifully.

Trading recommendations:

Buy now

Take profit at 1.5330

Stop loss at 1.5175

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