As we can see, EURAUD has reached the target I forecast at an earlier idea.
Here it comes to a mixed support zone which formed by both channel bottom and horizon support. We can try a long position here if there some green candles follows at 1h chart, the target would be 1.672.
If it drops below and break this support and the fommer one bottom around 1.605, it may continue go down to 1.53-1.55. (I haven’t researched details for the supporting zone ther, I will update then)
Here it comes to a mixed support zone which formed by both channel bottom and horizon support. We can try a long position here if there some green candles follows at 1h chart, the target would be 1.672.
If it drops below and break this support and the fommer one bottom around 1.605, it may continue go down to 1.53-1.55. (I haven’t researched details for the supporting zone ther, I will update then)
