EURAUD slipped to a fresh 3-month low earlier today of 1.5574. The price has lost its positive momentum in the longer-term picture as it penetrated the rising trend line to the downside during the previous week. In the short-term, the pair is creating an aggressive bearish rally following the bounce off the 1.6350 resistance level and it fell below the 23.6% Fibonacci retracement level of the upleg from 1.3625 to 1.6350, near 1.5715. Technically, the RSI slipped in the oversold zone and is [..]
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