The weekly chart of the EURAUD has shown very significant rejection of lower prices. An outside bar is spotted after price closed above last weeks high. Expectations are for a resumption of an uptrend in the comming weeks.
Price exploded higher following the break of resistance at about 1.2352 with very little retracement. Another break was witnessed at about 1.2509. The entire scenario points to higher prices in the coming week however, rotations back into New Support at about 1.2352 should support more major explosions on the pair.
My Recommendation: Buy Pair on Rotations back into supports.
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