EURAUD outlook

EURAUD Daily chart:

EURAUD has been forming a nice trending market these last two months and is now entering a resistance zone.

Price may reach the 0.886 Fibonacci level near the 1.50000 and have difficulties to move higher. From the potential reversal zone (PRZ), price could reverse and simply continue downward as a lower high and retest previous structure lows 1.46723.

Traders should look for short opportunities from 1.50000 and target next support 1.46723

(click on the chart below to get updated of trade setup)


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