EUR/AUD fast approaching critical technical support
The 1.2920 double-bottom that we've been following has a neckline at 1.3325. The 61.8% retracement of the 1.2920/1.3880 rally comes in at 1.3285. A clean break below the latter would negate the double-bottom pattern in my opinion. EUR/AUD currently trades around 1.3385.
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