EURAUD is trading quite nicely reaching our Fibonacci ratio of 61.8, from where a recent minor bounce had occurred. As such we think that this correction, named a double zig-zag could now be already over or in late stages, meaning that more upside can follow in sessions ahead. If price continues to go higher and above the upper corrective channel line, than this would be the first indicator for higher levels.
EURAUD, 4H
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