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EURAUD testing major resistance, watch for a potential drop!

Kort
Euro / Australiensisk dollar (FX:EURAUD)  
Tickmill Mäklare  
FX:EURAUD   Euro / Australiensisk dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euraudshort euraudlong euraudanalysis euraudsell euraudbuy euraudbreakout
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trendanalysis harmonicpatterns chartpattern euraud eur aud euraudshort euraudlong euraudanalysis euraudsell euraudbuy euraudbreakout
EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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