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czoa

EURAUD bullish for February towards 1.6000

Long
Euro / Australian Dollar (FX:EURAUD)  
czoa  
FX:EURAUD   Euro / Australian Dollar
Support and Resistance Trend Lines
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supportandresistance trendline
EURAUD broke the down trendlines established in December and January 21 and made a retest of that breakout, specially visible in the 4h timeframe.
In February I would expect a retest or stop hunt in the 1.5750 area, revisiting the peak area in the volume profile, before proceeding higher towards 1.6000 or even higher to 1.6100 to the next profile peak.
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