EURAUD is currently rebounding off the 23.6% Fibonacci retracement level of the down leg from 1.6220 to 1.4320 at 1.4767. The pair broke the uptrend line to the downside in the previous sessions, suggesting a bearish movement. The MACD is moving sideways around the zero level; however, the RSI is ticking up in the bearish […]
The post EURAUD Penetrates the Uptrend Line But Finds Support at 23.6% Fibo appeared first on Action Forex.
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