(1,3880) EUR/AUD formed yesterday a negative outside day reversal closing even below the low of the previous session. We have now 1,4180 – 1,3825 the levels to follow in the coming hours. A daily closing below 1,3825 will support a larger correction toward 1,35 if not even 1,33!! The indicators of the daily chart are still positive but now just above the line but those of the s/t ones are negative supporting further weakness. The drop started already forming bullish divergences in the hourly chart supporting a negative tone. We expect further weakness toward the support line at 1,3640 where we start taking profit!!
Read the full report: EURAUD 06.14
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