EUR/AUD: Going down under?

Going Down Under?Following a recent down-trend, the EUR/AUD pair decided to change its course and go all the way up to the EMA45 line and say hi.

Let’s hope the 38.2 Fibonacci level is strong enough to slap it back to the south (get it?).

I would recommend to take profits below the 23.6 Fib level, and put a stop loss above the 38.2 Fib level.

You know, just in case the price becomes fierce and manages to break through the 23.6 Fib level defense like Shaquille O’Neal used to do back in the days.

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