OrtegaCapital

Bearish outlook on EURAUD

Corto
FOREXCOM:EURAUD   Euro/Dólar Australiano
Hey everyone, this is what we are seeing on EURAUD, prices are under pressure from our resistance in line with the 78.6% fibonacci retracement and a test of this area could see a drop from here. The next support target highlighted will be at 1.57715, in line with the retracement levels. This area was also previously respected by prices as the support.
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