Forex_

My Thoughts On EUR/AUD

OANDA:EURAUD   Euro / Australian Dollar
In my analysis of EUR/AUD, Price is retracing toward the .50 and the .618 on the Fib. Once price retraces and continues the trend toward the Weekly Resistance. This is area is also the 1.00 on the Fib. Price should break and retest Weekly resistance and move toward the .618 area which is Monthly Resistance. EURAUD
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