After the formalization of the bearish head and shoulder in the month of March in 1.505, EURAUD has started a downward spiral, firstly an uncertain one and then a more determined one that is carrying the cross to area 1.42 where we can find a lot of technical projections. Meanwhile, this is the goal of the bearish figure, and at this point we can place the lows of wave 4 of September-October 2013, and finally the 38.2% retracement of the entire bull market crosses here. We are not publishing it here, but we also have to add that EURAUD entered the Ichimoku cloud.
So for EURAUD this level will be a true test of maturity and for those who believe in the continuation of the bull market of the cross began in 2012 the time to liquidate long positions of Aud is coming.
So for EURAUD this level will be a true test of maturity and for those who believe in the continuation of the bull market of the cross began in 2012 the time to liquidate long positions of Aud is coming.
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