EURAUD is facing the downside resistance/upside support
EURAUD is bouncing so far off the 1.4600 support. This could lead to another test of the upside resistance falling trend line 1.5400. A confirmed break below 1.4600 on the other hand would lead to a downside continuation. This is giving us a two-way trade in the pair, although any possible coming AUD weakness would drive this cross much higher.
Note: look for the long trade entries with the stop loss below 1.4600
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