from the chart above euro AUD is given the bearish move from the one hour time frame then afterwards are done to the upside of the resistance descending channel which will lead to a bearish dive down to the support of the descending Channel
One good thing about thing pair is that it respects price action alot which makes it one of the most interesting and traded pair. From my study of the pair above crafted out possible outcome of this pair which is 90% accurate following price action. GBPUSD might break and retest the resistance trendline or it might reverse and hit the support trendline. So what's...
FOREXCOM:EURGBP is behaving more like a stock rather than currency. Over the past four years, the pair has been ranging forming a bearish rectangle because of the economic indicator of the eurozone. The bearish rectangle might continue after it has broken the 0.83000 a strong psychological point and might go short for long depending on the candlestick formed on...
