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On our market watch today is EUR/AUD. The pair is in a box below the SMA’s and broken uptrend line.There is a huge space below the rectangle box low 1.4100, almost 400 pips till the next horizontal resistance.
Recommended trade size should be adjusted to your risk profile and money management.
Preferred trading strategy stop sell limit order at 1.4060 with a SL above 1.4200.
Happy trading! (click on the chart to enlarge it)
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