EURAUD BEARISH Retracement Not Completed...
From our previous analysis, we managed to successfully analyse a BULLISH movement to this trend support line. This will be a follow up from my previous analysis. Interestingly, we managed to see a 38.2 fib level retracement and with price currently retesting this level trend support level once again. As of now, BULLISH strength seems like it is dying off. Initially, I was expecting a 61.8 fib level before we continue buying this pair back in trend. However, with a 38.2 fib level and a weakening BULLISH movement, I will expect another retracement to occur before further BULLISH movement back in trend.
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