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EURAUD - May-11 - D1

The downward trend in the EURAUD currency pair seems to be over and the price is moving in a slight uptrend. The channel is currently stable and the price has touched the ceiling and floor of this channel several times. We expect the price to hit the channel ceiling at 1.5753. And then it must either cross the canal roof or the canal floor. If it crosses the canal ceiling, it can grow to 1.662, but if it crosses the canal floor, it can fall to 1.5122.



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