EURAUD approaching resistance, potential drop!

EURAUD is approaching our first resistance at 1.6148 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.6074 (horizontal pullback support, 76.4% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (21) is also facing bearish pressure and we might see a corresponding drop in price.
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