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TraderAvDM
Feb 7, 2019 8:22 AM

EURAUD: Short at 1.1595? Short

Euro Fx/Australian DollarFXCM

Description

EURAUD seems to to struggling in the resistance zone highlighted by the blue zone in the chart.
Along with that, we have a significant bearish divergence.
The last time price hit this resistance area, there was a similar divergence as well. And price dropped sharply.
Hence, there's a good chance that price can go lower from this area.
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