EURAUD approaches resistance at 1.61218, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices are expected to surpass this level and increase towards take profit, in line with -61.8% Fibonacci retracement and 161.8% Fibonacci extension. Alternatively, prices may reverse off and take support at stop loss, in line horizontal pullback support, 61.8% Fibonacci extension, and 31.8% Fibonacci retracement. EMA is holding below our prices.
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