EURAUD retests support zone; prepare to trade the range
Despite successfully testing and reversing from the resistance turned support zone, this pair would be considered in a range until it is able to break out above the 1.48~ price level. Going long has a much better pay off in this range, but keep in mind that the EMA-60 setting is working as a dynamic support and resistance level as well.
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.