EURAUD has lost some upward momentum over the last three days as the rebound from August’s five-year trough hit a wall at the top of the Ichimoku cloud. This region also coincides with the 61.8% Fibonacci retracement of the July-August downtrend at 1.4970. Looking at the momentum indicators, the setback appears to be just a […]
The post EURAUD Meets Resistance at Cloud Top; Bullish Bias Weakens appeared first on Action Forex.
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