EUR/AUD could be primed for a breakout to the upside OR a False break before a finale move down below support 1.6 to form a spring. I tend to favour the latter optoin but the long side for a breakout is tempting - tight stops though.
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alert set for 1.66
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the false breakout on the 21 indicates the possible wave 4 top the trend is down to new lows look to buy Sign of strength though 1.6 after spring action