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EURAUD: Shorts to 1.52500!

6hr Time Frame: Price is on an overall down trend which means we should be looking for long-term selling positions. Price has broken support and is testing resistance with signs of rejection. If price holds below resistance, we can expect price to fall to 1.52500. However, if price breaks above, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.

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