EURAUD is breaking below the strong horizontal resistance
On the EURAUD daily chart, we can see that the pair is breaking below the 1.5900 level, which is the last downside resistance before a test of the long-term uptrend line 1.5600 level. Only a daily close above the 1.6000 level would invalidate the downside extension.
Note: look for the short trade entries with the stop loss above the 1.5950 level
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