EURAUD has rallied into its resistance level during a strong bullish which is why I am looking for shorts in this currency pair. The rally was powerful and I think it will not hold before a correction takes place. I will enter more short positions every 50 pips higher from here until we reach 1.5000. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.
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