EURAUD: Buy opportunity on a Bullish Megaphone.
The pair has been trading within a Bullish Megaphone pattern for the most part of the year with 1D currently on the first stages of a Channel Up (RSI = 55.720, MACD = 0.0000, Highs/Lows = 0.0020). Having made a Higher Low last month it is still on respectable buy levels until it reaches 1.66000 (roughly +4.50% from the Low) or the 1D RSI hits 73.50.
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