EURAUD breaking below the strong long-term resistance
EURAUD is breaking below the 1.5860. This is a long-term broadening wedge support line and an H&S neckline. With this breakout, we expect a strong downside continuation to 1.5660 and lower. Invalidation of the downside will come only upon a break above 1.5900.
Note: look for the short trade entry with a stop loss above 1.5860
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