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    EUR/AUD trading recommendations for 8th June 2016 2016-06-08

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    EUR/AUD is on major fractal support (2x fibonacci projection level 27% support on RSI) which leads us to play a bounce from here to the 38% retracement target of 1.5330. We can also see how the price has bounced off this RSI support level many times in the past beautifully.

    Trading recommendations:

    Buy now

    Take profit at 1.5330

    Stop loss at 1.5175


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