EURAUD Might Bounce Off From Here!!!
Looking at today's candle, we managed to see a rejection off the support level @1.5700 price level. This is a crucial rejection as we start seeing price heading towards the trend support level and 261.8% fib level. I have identified a demand zone where I believe strong BULLISH pressure will be present. As of now, I am expecting price level to test the resistance level @1.5900 price level. After which, a breakout will bring price back up to 1.6160 level.
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