Euro / Australian DollarUpdated Weekly Predictions (Feb 4 - 8)
- Price gave strong rejection to 1.60004 resistance line, pair not yet overbought
- Pair may be on an overall downtrend with a brief retracement at the 0.382 fib level
- Tentative trendlines drawn in broken red, watch how price reacts to them
- Pair may be on an overall downtrend with a brief retracement at the 0.382 fib level
- Tentative trendlines drawn in broken red, watch how price reacts to them
Note
4-hr chart- Price is approaching EMA (25, close) from the downside
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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.