Today we take a look at EURAUD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
EURAUD holding below descending trendline resistance. A short term drop below our 1st resistance at 1.59728 towards 1st support at 1.58748 could be expected. Technical indicators are showing room for a further drop as well.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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