EUR/AUD LONG
The common European currency has surged by 2.05% against the Australian Dollar since January 20. The currency pair tested the upper line of a descending channel pattern at 1.5931 on February 1.
Everything being equal, the exchange rate could continue to trend higher during the following trading sessions. A breakout through the upper boundary of the channel pattern is likely to occur.
Everything being equal, the exchange rate could continue to trend higher during the following trading sessions. A breakout through the upper boundary of the channel pattern is likely to occur.
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.