EURAUD H4|Bullish reversal from 50% Fibo?

EURAUD could pull back towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 1.63639 and bounce up from here. Our stop loss will be at 1.63079 which is an overlap support that aligns with the 61.8% Fibonacci retracement. The take profit level will be at 1.64994 which is an overlap resistance.

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