Although the price action has been strongly bullish but has started to show signs of divergence. Price looks extremely overbrought as well. Looking for 50fibo
support on pullbacks.. Chart Below:
Wednesday, September 19, 2012
EURAUD Daily
EURAUD Daily at major resistance area. The area coincides with falling trendline and 61.8 fibo (of its fall from 1.3029 to 1.16).
Although the price action has been strongly bullish but has started to show signs of divergence. Price looks extremely overbrought as well. Looking for 50fibo
support on pullbacks.. Chart Below:
Although the price action has been strongly bullish but has started to show signs of divergence. Price looks extremely overbrought as well. Looking for 50fibo
support on pullbacks.. Chart Below:
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