Another pair that appears to be showing a strong bearish trend, in my assessment, is 📉EURAUD.
Based on price action analysis:
The market had been experiencing a positive trend, but it began to lose momentum as it approached a significant horizontal resistance level.
Subsequently, the price began to consolidate before declining, ultimately violating a horizontal support level within the trading range.
The market will probably continue to decline. The next support level is anticipated to be at 1.7698.
Based on price action analysis:
The market had been experiencing a positive trend, but it began to lose momentum as it approached a significant horizontal resistance level.
Subsequently, the price began to consolidate before declining, ultimately violating a horizontal support level within the trading range.
The market will probably continue to decline. The next support level is anticipated to be at 1.7698.
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Join our Telegram channel
For daily market update 👇👇
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Backup Channel👇👇
t.me/theacetradingbackup
For paid signal👇👇
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For daily market update 👇👇
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Backup Channel👇👇
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For paid signal👇👇
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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.