euruad range top rejection

EURAUD looks like it is still going to be held in range-bound conditions as the market rejected a move into resistance last session.

The failure to move beyond the range top is a bearish signal in itself, coupled with the bearish rejection candle containing a lower close price than the open for the session we can come to the conclusion that the range top wants to hold and we could potentially see the market move down lower from here, and re-test the range support.

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