What Does EURAUD Says?
Price has been in an overall uptrend for a very long time, but currently in a downtrend. We've got to the bottom of the overall down trendline, and now price is showing some signs of the current downtrend reversal. Price has pushed up from the down trendline and retraced back to the golden fib levels, forming a double bottom as well. And now, we can see a sign of indecision in the market, following the current 2 candlesticks in the 4H. What's your take on EURAUD?
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