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Mihai_Iacob
Nov 20, 2020 2:32 PM

EurAud- Can it drop under support? 

Euro Fx/Australian DollarFXCM

Description

Two days ago I was speaking about 1.6150 support and that EurAud can correct towards 1.65. This didn't happen, MORE, the pair had a false break above the triangle's resistance and now is trading just in pattern's support.
With Eur "not feeling good" at all and AUD being very strong a break under this support followed by a break under 1.62 can lead to the continuation of the downtrend and we can see the pair trading under 1.6 for the first time since the pandemic.
Comments
Fisher_Fx
great analysis thanks for sharing man
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