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Short

EURAUD ANALYSIS WEEK OF JULY 10, 2016

FX:EURAUD   Euro Fx/Australian Dollar
On weekly chart you can see there being lower highs made. It is barely making lower lows but its pushing for it.

Price hit the trend-line which is also a major support due to history marked in teal color.

Looking at the daily it is shown to be a nice down trend making LL and LH.

My bias for this week is bearish for the EURAUD             . So lets look at the 4H chart to see how we can get in.

Marked in teal the ideal point to seek an entry would be around the 1.47780 area. Area for TP should be around the 1.44500 area.
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