EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000
TA on the high timeframe: 1) the market is entering the distribution phase 2) The accumulated potential can be realized during 2-3 weeks.
TA on low timeframe: 1) Consolidation is formed above 1.66387 2) before further growth the price may return to the support for a retest 3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level
Thank you for sharing your analysis on EURAUD. Breaking the two-month consolidation resistance can indeed indicate a significant potential for strength.
TRADINGWITHZION
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Here’s an idea I agree
FirstNameHelen
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Interesting analysis, appreciate your efforts
LegionQ8
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Really like your chart, I have the same opinion
GlobalHorns
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Similar target on my idea!
TheGrove
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Keep up the good work!
MonoCoinSignal
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Your technical breakdowns are always a path to clarity, keep it up!
ArmanShabanTrading
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Keep rocking it!
RLinda
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The information is detailed and quite concise. Thanks for the idea! It would be interesting to know the full list of tools you use in your analysis.