We are a forex and commodities intermediary that accommodates
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EURAUD recently reversed down from the key resistance level 1.65000 (former monthly high from June, previous powerful support from April and May). The resistance zone near the resistance level 1.65000 was strengthened by the upper daily Bollinger Band. Given the clear daily downtrend and the strong bullish sentiment affecting Australian dollar today – EURAUD is likely to extend the losses toward the next powerful support level 1.61200 (low of the daily Morning Star from last month).
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