Long EURAUD towards 1.6500 Level

Euro Fx/Australian Dollar FX:EURAUD

JonChartis

The blue box might be an early entry on the cross which is around 1.6230-1.6200 region. However, I would prefer rejection occur at 1.6170-1.6180 level before Long. A price closure below this suggested buying price would send a signal that the Bear is trying to sink the price lower towards 1.6000-1.5900.

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