EURAUD - Triangle Pattern
EURAUD is trapped in consolidation prior to the EUR Balance of Trade news.
There are clearly defined support/resistance levels bracketing the price.
Breakouts are likely to occur before the news, followed by reversals if the results are not in accordance with the pre-news direction.
There are clearly defined support/resistance levels bracketing the price.
Breakouts are likely to occur before the news, followed by reversals if the results are not in accordance with the pre-news direction.
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