Long EURUAD ( As AUD going under Bearish Correction 1.6650$
The trend of EURAUD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.6220 and 1.6520 Also, the daily resistance and support are seen at the levels of 0.1.6200 and 1.6500 respectively.
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The current rise will remain within a framework of correction and holing long term Trend line. However, if the pair fails to pass through the level of 1.6100, the market will indicate a bearish opportunity below the strong support level of 1.6000 and open downside towards the next support level 1.5800. Since there is nothing new in this market, it is not bullish or bearish yet. If the trend breaks the daily base resistance 1.6350 level the pair is likely to move Upside continuing towards R-1 1.6650 And R-2 1.7100.
🛑SUPPORT/RESISTANCE
✅S1= 1.6000
✅S2=1.5800
✴️R1=1.6650
✴️R2=1.6800
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.
👍 Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me.
The current rise will remain within a framework of correction and holing long term Trend line. However, if the pair fails to pass through the level of 1.6100, the market will indicate a bearish opportunity below the strong support level of 1.6000 and open downside towards the next support level 1.5800. Since there is nothing new in this market, it is not bullish or bearish yet. If the trend breaks the daily base resistance 1.6350 level the pair is likely to move Upside continuing towards R-1 1.6650 And R-2 1.7100.
🛑SUPPORT/RESISTANCE
✅S1= 1.6000
✅S2=1.5800
✴️R1=1.6650
✴️R2=1.6800
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.