Technical Analysis – EURAUD declines following the surge to 11-year peak of 1.8200

EURAUD is reversing lower following the pullback on the eleven-year top of the 1.8200 handle, which overlaps with the 261.8% Fibonacci extension level of the downfall from 1.6790 to 1.5890. The pair today has declined to the nearby 161.8% Fibonacci extension of 1.7320, with backing from the technical indicators. The short-term oscillators suggest an increase […]