EURAUD bouncing off TL, 0.618 fib with hidden bullish divergence

Long

Euro / Australian Dollar (FX:EURAUD)

FX:EURAUD Euro / Australian Dollar

EURAUD

euraud

EURAUD bouncing off TL and 0.618 fib. Fib retracement is drawn from Aug 8 lows to Aug 24 highs. If TL holds a long position can be taken towards 1.64 level.

Note: A hidden bullish divergence is also developing to support the setup.

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