The EURAUD has been forming two triangles in a move expired to consolidation or a battle between two economic states where strength is relatively mixed and neither is taking the direction.
Expect some consolidation in the next few weeks, we should expect a move towards the upper triangle as part of the longer term move backed by some divergence shown on the RSI.
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Expect some consolidation in the next few weeks, we should expect a move towards the upper triangle as part of the longer term move backed by some divergence shown on the RSI.
For more information, please follow me either on here or at www.ejfxtrading.com