Wait for Long signal
Updated
EURAUD is forming the bowl bottom and test the residence 1.595, which is close to the Fibonacci 0.5. At once it breaks the residence, it's the signal to buy.
However, it doesn't mean that EURAUD will reverse soon.
However, it doesn't mean that EURAUD will reverse soon.
Note
Euro is still supported by the up-trend line. It's good opportunity to buy when Euro touched it then wait for breaking out the residence.Note
It's moving on and will test 1.605 residence.
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.