(1,2435) EUR/AUD confirmed on Friday a mixed closing before however plunging heavily this morning suggesting q test of the 200 days line at 1,2421. A daily closing below this line will be negative supporting a possible retest of the key level at 1,2159!! The weekly closing was instead weak!! The indicators of the daily chart are well negative but now entering the oversold area while already showing potential positive reversals. The indicators of the s/t charts are also negative with bullish divergences confirming a negative tone. The decline confirmed a negative reversal suggesting a s/t target at 1,2353!! We expect further weakness!
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Future Trend Research