EURAUD headed perfectly downwards to where I suspected it will be. At this point, prices are just above the 76.8% fib level, and with highly oversold RSI and MACD. I suspect that prices will head back up to around 1.5069 and possibly complete an ABC retracement as indicated on the graph. I am still bearish on EUR pairs, however this is a good opportunity to buy this pair. Trade with care
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For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.