Kumowizard

Range bottom, loss of momentum

FX:EURAUD   Euro / Australian Dollar
10
It looks like EURAUD is losing bearish momentum again at its recent resistance zone of 1,41-1,42.

haDelta and haOscillator signal a possible local bottom. If Heikin-Ashi candles consolidate here, then a retest to Kumo and Kijun (1,44) next is more likely.

Generally saying this pair is not trending until price action takes place in 1,41 - 1,45.


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