When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
Trade opportunities in EUR/AUD
Information is not investment advice
EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-day moving averages. At the same time, there is still support in the 1.6325/1.6300 area. We will be sure about selling only when the price falls below it. The break out of the consolidation range will open the way down to the 78.6% Fibonacci retracement level at 1.6225. On the other hand, the return above 1.6360 will lead to formation of an interim bottom and trigger a recovery at least to 1.6400. Whatever the way, it will be possible to open good trades.
Trade ideas for EUR/AUD
BUY 1.6365; TP 1.6390; SL 1.6355
SELL 1.6290; TP 1.6230; SL 1.6310
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
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