EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺
https://www.tradingview.com/x/Fp5xsON9/
Even though, EURAUD is trading in a long-term bullish trend,
we can not deny the following bearish clues:
First, the pair violated a support line of a rising parallel channel and closed below that on a daily.
Second, the price formed a descending triangle formation and broke its neckline as well.
We have 2 important bearish confirmations now.
The market may easily drop lower.
Targets - 1.640 / 1.628
❤️Please, support my work with like, thank you!❤️
Even though, EURAUD is trading in a long-term bullish trend,
we can not deny the following bearish clues:
First, the pair violated a support line of a rising parallel channel and closed below that on a daily.
Second, the price formed a descending triangle formation and broke its neckline as well.
We have 2 important bearish confirmations now.
The market may easily drop lower.
Targets - 1.640 / 1.628
❤️Please, support my work with like, thank you!❤️
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