FX:EURAUD   Euro / Australian Dollar
EURAUD             might soon experience a great selling pressure. This should become possible due to several reasons:

1. The pair has climbed up very high without a major correction. This is especially visible on a daily or 4 hour chart.

2. EURAUD             is forming a corrective pattern after a minor impulse on an hourly chart. This might indicate that the pair will go down.

3. If price breaks below the trendline , this might cause a major correction down.
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