EURAUD Will Go Down From Resistance! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 17h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.632.
Considering the today's price action, probabilities will be high to see a movement to 1.591.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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