EURAUD rejected the golden fib pocket recently before ploughing through the ascending channel, with a nice retest of the trend line and .618 fib retracement level. Price is approaching 1.6210 which has held over the past few weeks as an intra-day support. If we break this level with a retest this will be a great opportunity to go short.
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Disclaimer
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.