A Level Of Strong Support For EURAUD

We managed to see some consolidation movement from EURAUD recently. I will not see a breakout of this support @1.6170 as of now. In fact, I see EURAUD potentially retesting the trend support it previously broken. From there, we can determine if EURAUD will be moving back in trend. As of now, a long position from here till the trend support (which is also 38.2 fib level) will be a good BUY opportunity.

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