For a week now, the main pairs have been in consolidation. We expect to see clearer movements this week. The event that could launch them is FOMC Minutes on Wednesday.
Before that, however, there are interesting opportunities in crosses. One of them is EURAUD! Here we have a break of the downward trend and the start of a new upward movement. The current moment is very suitable for entry when swallowing the previous candle.
The levels of resistance we expect the price to reach are: 1.6575 1.6630 1.6708
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