Hi All,
As per my EURAUD analysis, this pair has been in a downtrend for a while now and I think that is about to end. There is a strong support zone coming where if you zoom out on the daily chart you'll see this pair has reversed from that particular support area. I think short term downtrend to continue with a minor pullback towards the break of the channel and reverse towards this strong support.
Purely my views and any positions held is at your own risk.
Thank you.
As per my EURAUD analysis, this pair has been in a downtrend for a while now and I think that is about to end. There is a strong support zone coming where if you zoom out on the daily chart you'll see this pair has reversed from that particular support area. I think short term downtrend to continue with a minor pullback towards the break of the channel and reverse towards this strong support.
Purely my views and any positions held is at your own risk.
Thank you.