EURAUD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 1.6500 followed by 1.600 region.
What you guys think of this idea?
beyondtechnicalanalysisChart PatternsDescending ChannelEURAUDfibretracementTechnical IndicatorsJTSstructure-tradeTrend Analysis

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