The falling resistance indicates a retracement down before a renewed attemt to spike higher.
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Sorry, this comment did not belong to EURAUD. The position is still open of course.
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Now I am really stopped out. The overnight movement was erratic. After a good decline came an even bigger rise and now a decline again. Looks like a beginning sideward range. But it will need some more watching to get more sure. Thus I am remaining at the sidelines meanwhile.