EURAUD has broken out of a daily trendline, and appears to be retesting it along with a key support level. Price currently seems to be respecting the support zone, presenting an opportunity for bears to go long. Use proper risk management when trading and be sure to open positions only when price gives a valid entry.
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Best of luck traders!
Follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!