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EURAUD: Classic Bearish Pattern
Euro / Australian Dollar
Short
EURAUD: Classic Bearish Pattern
By linofx1
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Nov 22
3
Nov 22
The EURAUD has formed a significant head and shoulders pattern on the daily chart.
There has been a clear violation of the neckline with a daily candle closing below it.
This suggests that the pair is likely to decline further, with the next target being 1.6045.
Candlestick Analysis
Head and Shoulders
Support and Resistance
linofx1
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