Technical Analysis – EURAUD bears retrace down; halt at the 61.8% Fibonacci level
EURAUD bulls pushed to a peak of 1.6678, slightly above the January 3 high of 1.6655, before sellers took control and sent the pair back down to 1.6230, which is the 61.8% Fibonacci retracement level of the up-wave from 1.5893 to 1.6784. The gradual upward slope in the 200-day simple moving average (SMA) backs the […]
Technical Analysis – EURAUD bears retrace down; halt at the 61.8% Fibonacci level
EURAUD bulls pushed to a peak of 1.6678, slightly above the January 3 high of 1.6655, before sellers took control and sent the pair back down to 1.6230, which is the 61.8% Fibonacci retracement level of the up-wave from 1.5893 to 1.6784. The gradual upward slope in the 200-day simple moving average (SMA) backs the […]
