EURAUD has been in a downside correction mode following the sharp decline from the eleven-year peak of 1.9800 on March 19, dropping beneath the 20-period simple moving average (SMA) and the 38.2% Fibonacci retracement level of the upward wave from 1.5340 to 1.9800 at 1.8100. Technically, the Stochastic is heading towards the oversold zone as […]