EURAUD top-down analysis (two possible scenarios)
on DAILY: EURAUD is sitting around a resistance zone so we will be looking for objective sell setups on lower timeframes.
unless price breaks it upward, then a bullish movement would be expected.
on M30: EURAUD is forming a channel in blue (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing and enter sell on its break downward
unless price breaks it upward, then a bullish movement would be expected.
on M30: EURAUD is forming a channel in blue (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing and enter sell on its break downward
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