EURAUD: Sell opportunity on a Resistance rejection.
EURAUD was rejected last week on the 1.6600 bottom of the 1W Resistance Zone. The 1D chart has already turned neutral (RSI = 52.665, CCI = -53.479, MACD = 0.006, Highs/Lows = 0.0000) as it is approaching the MA200 and with the RSI still halfway to its support level, we expect further downside. Our target is the 1.6000 top of the 1W Support Zone.
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