kabtanfx

EURAUD forcast 3/June/2020

FX:EURAUD   Euro / Australian Dollar
Hi,

EURAUD moved 431 pips to the downside my previous analyses H1 H4
now it is on a trend-line it touched three times, i am expecting two things:-

first: the way candles come to the trendline was a big implusive movement that indicates price will keep falling down check this candles
second: after it made a three touch that also indicates the price will reverse to the upside (as it formed falling wedge ) if selling candles become smaller and smaller that indicates buying preasure to the upside. check this
that based on my opinion

Thank you
Comment: The EURAUD did not moved much still it is in area that in can go to the downside as there is no identified pattern at the moment.

Comments

it will be very interesting to follow the deveopment on euraud
Reply
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