EURAUD Secondary High

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The EURAUD has finally traded back up to over 1.60 which was the expectation outlined in previous analysis so let’s quickly review the situation using the daily chart. EURAUD DAILY CHART Since previous analysis price continued south before putting in a low and rally all the way back to a high today at 1.6255 which I believe to be the major secondary high. If not, then only marginally higher. The Fibonacci retracement levels show this bear rally has been deep in falling just short of the 88.6%

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