EURAUD has rejected the upper boundary of the falling wedge and posted a double top pattern, suggesting a return of bearish price action. We now expect a break of the neckline of the head and shoulders, coinciding with the trendline support before a move to the downside.
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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.