LimitMarkets

Potential upwards breakout

Long
FX:EURAUD   Euro / Australian Dollar
The pair price is squeezed within the forward-looking triangle as the euro pushes upwards for a breakout. 1.6300 at 23.6 Fibo retracement will prove crucial for the direction the price takes. Further up, keep an eye on 1.6315 on the upper triangle line.

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