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EUR/AUD Price Analysis: Bulls cashing-in at critical supply zone
As per the prior analysis, EUR/AUD Price Analysis: Bulls seeking a daily extension, where the cross was starting to emerge from a significant Fibonacci retracement zone, indeed the area acted as firm daily support. ''The bulls have based at a significant Fibonacci retracement area that meets prior resistance. The price would now be expected to move higher towards the prior resistance and beyond for a higher high. The bulls are in charge at this juncture and the support zone will be monitored for a restest and subsequent hold for further conviction. '' There are minimal prospects at this juncture for a sustained bid ... (full story)