Although still in an uptrend, we have seen price return to the level of 1.60500 several times.
A rejection and a bounce come next after price gets here, so we can expect the same again.
We're still looking at longs after rejection for continuation buys but if price breaks below this level, we could see some short-term downside on EURAUD.
A rejection and a bounce come next after price gets here, so we can expect the same again.
We're still looking at longs after rejection for continuation buys but if price breaks below this level, we could see some short-term downside on EURAUD.
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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.