EURAUD–range opportunity?

Bullish: Currently we are @ 1.5660 in a range. IF we can break the 0.500 Fibo here we are looking for a continuation to the 0.382 Fibo @ 1.5716 and then on to the equilibrium @ 1.5718 later this week. The average daily true range (ATR) for the pair currently is 94 pips.

 

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