EURAUD formed a huge cup and handle pattern and has broken through its neckline on a 4-hour time frame.
This breakout confirms a change in market sentiment and suggests a potential bearish reversal in the near term.
It is possible that the market will continue to decline and could soon reach the 1.7000 level.
This breakout confirms a change in market sentiment and suggests a potential bearish reversal in the near term.
It is possible that the market will continue to decline and could soon reach the 1.7000 level.
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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.