PREMIUM POST: SUPPORT BEING TESTED: NEXT TARGET

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EURAUD is taking off from key daily structure support . The price has formed a double bottom with a higher low on 4H and recently broken and closed above the falling trend line . Now the area between a neckline of double bottom and broken trend line serves as a local demand area. From that, I will expect a bullish continuation.

The break from the double bottom could be significant as China- Australia fight continues to boil over.

Goals:
1.633
1.645

 

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