Euro /Đô la Úc
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EURAUD: Bearish Move From Resistance

The EURAUD currency pair formed a distinct double top pattern on the 4-hour chart after testing a key horizontal resistance level.

Today's economic data release triggered a price drop, breaking below the neckline of the pattern and confirming a bearish trend continuation.

The price is likely to continue downward, possibly reaching the 1.6127 level soon.
Candlestick AnalysisChart PatternsSupport and Resistance

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