EURAUD forming a double top reversal!

15 בינו׳ 2018

EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential).

RSI (34) sees a couple of recent bearish exits signaling that a reversal is potentially in progress.

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