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EUR/AUD is on major fractal support (2x fibonacci projection level + 27% support on RSI) which leads us to play a bounce from here to the 38% retracement target of 1.5330. We can also see how the price has bounced off this RSI support level many times in the past beautifully.
Trading recommendations:
Buy now
Take profit at 1.5330
Stop loss at 1.5175
The material has been provided by InstaForex Company - www.instaforex.com