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EUR/AUD Technical analysis

Short
Euro / Australian Dollar (FX:EURAUD)  
traderpulse  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
The pair formed a head and shoulder pattern in the hourly chart and broke out of its neckline.
The follow up rally was also intense with good momentum.
Hence we expect the pair to continue its momentum and run off to the supports at 1.58974 and 1.58569.
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