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Short

EUR/AUD Bearish Movement by ThinkingAntsOk

FX:EURAUD   Euro / Australian Dollar
4H CHART EXPLANATION:

On this timeframe, we observe that there was a Descending Channel that has been broken to the downside, breaking also the Support Zone and the Ascending Trendline . Before breaking this two zones, price did a corrective structure. The short term target is the Support Zone . The longer term vision is explained on the Daily Chart below.

DAILY CHART EXPLANATION:




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