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EURAUD Rising on the 1day MA50 off an Inverse H&S

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Euro / Dolar Australia (FX_IDC:EURAUD)  
TheCryptagon  
FX_IDC:EURAUD   Euro / Dolar Australia
Trend Analysis Chart Patterns Technical Indicators EURAUD Forex EUR aud euro australiandollar
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trendanalysis chartpattern indicator euraud forex eur aud euro australiandollar
EURAUD completed an Inverse Head and Shoulders pattern with the current rise supported by the 1day MA50.

The Inverse H&S at the start of the year targeted initially the 1.236 and 1.382 Fibonacci extensions.

Buy and target 1.67750 on the short term.

Note that even the 1day RSI is on an Inverse Head and Shoulders.

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