After coming to test our trendline last week during NFP, the bears were able to push price down to retest our trendline which is also the 50% fib level indicating that we could see another bull run soon. Price action on a lower time frame is also showing a double bottom at our key trendline/fib area at 1.30840 level signifying a reversal soon.
EuroAussie looks to be reversing right at the trend line along with some nice price action supporting this. Great setup
-Price rejecting off of descending channel -Price action on lower time frame supporting -50% Fib retracement