EURAUD looks overextended after a significant rush of buying, reaching major resistance.
We expect a reversal from here towards the major fib levels, with MACD momentum not as strong as the previous rise.

High risk:reward trade

Short @ ~1.6130

TP:
1. 1.5950
2. 1.5885

SL:
1.1620
audChart PatternsEUREURAUDForexsignaltradetradingTrend AnalysisWave Analysis

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