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Long

EUR/AUD forms Bullish Cypher Pattern, good to buy at dips

FX:EURAUD   Euro / Australian Dollar
323 0 8
Harmonic Pattern Formed- Bullish Cypher pattern

Potential Reversal Zone (PRZ) – 1.5720.

The pair has made a high of 1.6250 and retreated till 1.5780 level. It is currently trading at 1.5798.

The major support is around 1.5720 and any break below will drag the pair further down till 1.5660/1.5600.

On the higher side minor resistance is around 1.5870 and any indicative break above will targets 1.5915/1.5955.

It is good to buy at dips around 1.5730-35 with SL around 1.5660 for the TP of 1.5800/1.5870
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