EURAUD Daily Projection

Friday, the daily chart for EURAUD painted a bearish engulfing candlestick. While forming at the 78.6 fib retracement in a daily downtrend, I am anticipating price to continue forming Lower Lows. Taking a position at market open would be an aggressive entry. I will more than likely be waiting for a break of the phase line before taking a short position.
Chart PatternsEURAUDeuraudshortTrend Analysistrendcontinuation

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