EUR/AUD is Trading at Resistance Level

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By Deya Hroob

euraud


This trade set up is based on daily chart.

EUR/AUD is currently trading at strong resistance level. What makes this level more important is that  200-day EMA goes in line with it. (200-day EMA is at 1.6540 now).

Hence, any breakout of this resistance, will be a buy signal. I don't recommend buying now just wait a breakout.

Trade Wise and Good Luck,

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