EURAUD bearish scenario
EURAUD potential to continue on the bearish side. The pair formed a double top, and on Friday, we saw a breakout below the neckline. We can expect further extension to 1.63500. If the pressure on the EURAUD continues, a drop to the 1.60000 support zone will follow.
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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.