EURAUD is recently in an uptrend, but slowing down. Technical reasons:
- It is strong resistance zone
- It is setting up for consolidation. Pair has formed a double top pattern.
- 0.618 retracement is on the way which is the nearest support
Trade closed: target reached
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.
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.