歐元/澳元
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EUR/AUD LONG

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The common European currency has surged by 2.05% against the Australian Dollar since January 20. The currency pair tested the upper line of a descending channel pattern at 1.5931 on February 1.

Everything being equal, the exchange rate could continue to trend higher during the following trading sessions. A breakout through the upper boundary of the channel pattern is likely to occur.

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