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ForceFollower
Mar 2, 2017 6:33 PM

EURAUD H1: Testing The Supply Zone Short

EUR/AUDOANDA

Description

The EUR is still relatively weak, albeit quite overbought, whereas the AUD is definitely relatively strong and extremely oversold, which makes this pair a perfect match for a shorting idea. Looking to TP at or just ahead of the demand zone around 1.3828. If failed and the high at 1.3902 gets taken out for good, exit without second-guessing, which may be at about 1.3914.
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