FX:EURAUD   Euro / Australian Dollar
I’ve said it before, but I’ll say it again. I believe this pair is going to be bearish for the long term. On the monthly timeframe , price broke through the support area of 1.61500 and has only recently come up to retest it. I believe after retesting this area, price will push back down to the support area of 1.56300, which was the previous resistance before price broke through to retest the 1.61500 area.

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