Technical Analysis – EURAUD stumbles, but broader uptrend remains in play
EURAUD posted substantial losses in recent days, after touching a 10-year high of 1.6790 last week. Despite this pullback though, the medium-term uptrend is still in play, with a clear break back below 1.6230 and the 50-day simple moving average (SMA) needed to call that into question. Momentum oscillators suggest that the latest retreat may […]