EURAUD is breaking above the 1.4700
EURAUD is breaking above the key Inverse H&S reversal 1.4700 resistance. This break is leading higher to upside target long-term resistance 1.5200-1.5400 zone. Now only a break below 1.4700 would invalidate the complete upside reversal. We have an ECB decision today where expected a rate hike which would narrow the rate differential between two currencies.
Note: look for the long trade entries with the stop loss below 1.4700
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