ForceFollower
Short

EURAUD Bearish Continuation

FX:EURAUD   Euro Fx/Australian Dollar
Price is moving in a down channel and is quite likely going to hit the lower border, possibly at the level of 1.46000. The EUR is currently relatively weak, but also oversold, so some correction, sooner or later, should be taken into account. The AUD continues to dominate the fx markets in terms of relative strength , but has to be treated with caution due to its overbought condition.

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May be
Bounce expected
?
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I think we're finally going down. Heading for the median line. http://www.mql5.com/en/charts/1747115/euraud-h4-oanda-division1
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I admit, the original idea obviously failed. The correction was so hearty that it reached the upper median line parallel (or the upper border of the channel). That's where it bounced and continued the long-term lower.
snapshot
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