EURAUD Reverse from support
After ripping down through and back up to support. I'm seeing this as a false breakout to the downside. I'm looking for a small pop for the RSI trend line to the next area of resistance. If we can pass this we may be out of the consolidation. Then we can look to larger time frames for next targets.
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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.