EURAUD is at a critical level where we could see sellers re-enter the market.
This level is 2019s high which could react as resistance as seen before. It is important
for the price to close below the level in order to look for short opportunities.
In principle, this signal could be sent first at 1.65, even now it remains a good time.
The euraud broke serious resistance in 1.6343 as can be seen in the graph above.
The euraud in a very positive trend
The candles located above the cloud and all other signs of the Ichimoku indicate continued ascents.
EURAUD tested and quickly rejected a move above the final resistance level of the bullish trend, that spans all the way back to the end of 2017. The move to test final resistance level was a direct result of the trade war escalation. Nevertheless, the fact that price is very responsive to the final resistance level indicates that the trend is very much...
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