EURAUD currency pair reached the resistance at 1.4886, which has not been broken. On the 4-hour chart shows addition divergence between the higher peaks created by the price and the lower peaks on the RSI indicator. Divergence is therefore a warning about the possible exhaustion strength of bulls.
For now, no clear signal as to the further price movement to the south. It can occur after a fall in prices below the 20-period SMA, part of the Bollinger Bands, and also the support area around 1.4780.
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