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EUR/AUD price movement, June 12, 2020.

analytics5ee2ddf8b6281.jpg

If we look at the 4-hour chart, we can see that the pair is declining. The pair may try to reach the 4-hour chart liquidity void area and break the 1.6776 level. This scenario will occur if the pair sinks to 1.6370 and hits the 1.6164 level.

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The material has been provided by InstaForex Company - www.instaforex.com