traderpulse

EUR/AUD Technical analysis

Penjualan
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FX:EURAUD   Euro / Dollar Australia
The counter went off the cliff after a bull run.
Though the counter has covered its lost grounds, the move is not as convincing as the previous bull rally.
It looks like a bearish expanding flag and the RSI indicator is roofed by the overbought zone.
Also, the counter has formed a head and shoulder pattern with right shoulder still under construction.
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