Korora
Singkat

EUR/AUD on strong resistance, time to start selling

FX:EURAUD   Fx Euro/Dolar Australia
Price is testing major resistance at 1.4810 ( Fibonacci retracement , Fibonacci extension , bearish channel resistance) and we expect a drop from this level to at least 1.4693 support ( Fibonacci extension , horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below the 97% level where we expect a drop from.

Correlation analysis: We're expecting overall EUR weakness today as seen in EUR/USD             bearish move. We're also expecting AUD strength today as seen in AUD/USD             bullish move. This combines well for a EUR/AUD             bearish move.
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