As i can see this pair has drop allot now reach at near daily based support zone
so we expected this retest to our design levels from given buying area we will trade this pair for a small risk and higher rewards
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Broken rising wedge, retesting now. Support at 1.67.
A break lower would signal a short. If the indices are bullish today then, then AUD should go up as well.
Please support the idea and share your thoughts on EURAUD!!
Good Luck and Stay Healthy!
high probability trade, there are higher chances supporting a bearish movement since the overall market is short. will look to take trades after the consolidation is broken.
like and comment your thoughts !!!
EURAUD is approaching a weekly trendline where it will either bounce or break through. Personally, looking at price action, I believe price will break through and fall to around 1.5800 before retracing back up to retest the trendline as resistance at around 1.6000. However if price bounces we could see it coming back up to the liquidation zone at around...