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EURAUD is approaching our first resistance at 1.6330 where we might be seeing a drop below this level. Stochastic is also seeing a bearish divergence.
Entry: 1.6330
Why it's good : 61.8% Fibonacci extension, 78.6% Fibonacci retracement
Stop Loss : 1.6421
Why it's good : horizontal swing high resistance
Take Profit : 1.6227
Why it's good: Horizontal pullback support, 23.6% Fibonacci retracement
