FX:EURAUD   Euro Fx/Australian Dollar
Further to my previous Weekly idea, last nights price action is invalidating the bearish engulfing Weekly candle. From a monthly perspective, the pair has already made a correction to the 50% fib and holding it's monthly trendline . The monthly candle thus far (although not closed) is looking strong. Will revisit this chart next month to see if there are any signals in regards to the channel of a larger degree, or any reason to turn bearish .
Bearish Rejection at top of Weekly Channel
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