FX.co ★ vbahringer | EUR/AUD

Hello traders. Asset - EURAUD. Analyzing the current data, it can be observed that the asset is trading at a price of 1.78392, exceeding the moving average level of 1.78063. It indicates a predominance of buyers in the market, suggesting that the price is likely to continue rising. According to the LRMA BB indicator, there is a high probability of reaching the upper boundary of the indicator at the level of 1.78523. However, if fundamental data significantly impact the asset, the price may move above the upper level of LRMA BB at 1.78523. In this case, considering opening short positions for sale at the most favorable prices could be an option. The key reference point for closing shorts in this strategy would be the lower price of the LRMA BB indicator, which stands at 1.77603. Taking into account the factors mentioned above, a decision can be made to enter long positions. However, if the price falls below the moving average, it could be a signal to sell. In such a scenario, sellers will adjust their pricing strategy and aim to reach the lower level of LRMA BB - 1.77603.