EUR/AUD:BUY From 61.8% FIBO Dynamic Support for LONG Setup
Updated
The EUR/AUD as you can see has a negative correlation with the EUR/USD, which means when the EUR/USD falls down, this pair grow in value.
The EUR/AUD is still in the Bullish channel and the price after a pullback in 61.8% Fibo area in confluence with the dynamic support, seems ready to have a new Bullish impulse. The stochastic also seems ready to raise is the value after the fall in the oversold area. We are looking for a new Bullish impulse here.
The EUR/AUD is still in the Bullish channel and the price after a pullback in 61.8% Fibo area in confluence with the dynamic support, seems ready to have a new Bullish impulse. The stochastic also seems ready to raise is the value after the fall in the oversold area. We are looking for a new Bullish impulse here.
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