Michael_Harding

EURAUD - Bearish Breakout or Fakeout

Short
FX:EURAUD   Euro / Australian Dollar
Taking a look at EURAUD on the 4 hour timeframe, you can see price action is holding below the most recent support zone. Typically when price action holds below a key level, it suggest further downside. Will that be the case this time around? Or will this be a fake-out as RSI is giving us mixed clues with the bullish divergence.

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