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EURAUD Wave Analysis 26 April, 2021

• EURAUD reversed from resistance zone

• Likely to fall to support level 1.5425

EURAUD recently reversed down from the resistance zone lying between the resistance levels 1.5580 and 1.5670 – which have been reversing the price from February.

This resistance zone was further strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from January.

EURAUD currency pair is likely to fall further toward the next support level 1.5425 (low of the previous impulse wave 1).

EURAUD Wave Analysis 26 April, 2021

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