Overview
The EURAUD has been pulling back from a downtrend that started at the beginning of this year.
The daily engulfing candle at the 38.2 Fibonacci retracement hints that the pull back has completed and the downtrend may resume
Levels
1.4576 - 38.2% Retracement on Daily
1.3676 - Daily Trendline projection for Nov 2
1.3588 - 127% Extension on Daily (1.3800 - 1.4587)
1.3530 - Weekly 200 Moving Average
Figure 1 - EURAUD Daily - Engulfing candle at 38.2% Fib retracement

Figure
…
Read full story
Translate to Inglese Show original

Since you are not logged in, we don't know your spoken language, but assume it is Inglese
Please, sign in or choose another language to translate from the list.

– o –