EURAUD: Is Getting Ready To Start a Downtrend
From our previous analysis, it seems that EURAUD is about to complete the expected correction. It is not a clear correction, but it is still a correction.
The AUD reported good GDP data last week, showing that the economy is back on track. On the other hand, the Eurozone is also facing some problems with its second largest economy.
🟢France's parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone's second-largest economy - Reuters
If EURAUD breaks below the current pattern, the likelihood of a deeper decline increases.
Key support zones to watch are:
1.7690
1.7530
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From our previous analysis, it seems that EURAUD is about to complete the expected correction. It is not a clear correction, but it is still a correction.
The AUD reported good GDP data last week, showing that the economy is back on track. On the other hand, the Eurozone is also facing some problems with its second largest economy.
🟢France's parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone's second-largest economy - Reuters
If EURAUD breaks below the current pattern, the likelihood of a deeper decline increases.
Key support zones to watch are:
1.7690
1.7530
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
Previous analysis:
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âś…MY FREE Signals Channel
t.me/TradingPuzzles
âś…Personal Telegram
t.me/KlejdiCuni
âś…Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
âś…Personal Telegram
t.me/KlejdiCuni
âś…Suggested News Channel
t.me/ForexNewsNavigator_Official
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.