EURAUD: Possible Reversal
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After a couple of failed reversals and dipping into the Demand Zone around 1.60000 (Psychological whole number), we could see another attempt at a reversal. Whether it’ll be a huge or small reversal won’t matter as I would only want to capture a 30 pips run if the opportunity presents itself in the M15 timeframe.
If prices however continue to go lower, we can expect it to go to the next major DZ at around 1.58900.
If prices however continue to go lower, we can expect it to go to the next major DZ at around 1.58900.
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