EURAUD Rising on the 1day MA50 off an Inverse H&S

EURAUD completed an Inverse Head and Shoulders pattern with the current rise supported by the 1day MA50.

The Inverse H&S at the start of the year targeted initially the 1.236 and 1.382 Fibonacci extensions.

Buy and target 1.67750 on the short term.

Note that even the 1day RSI is on an Inverse Head and Shoulders.

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