From the technical point of view, the pair has formed AB=CD pattern (bearish), but at the same time has reached an important support (daily), having said that it is possible to try to take a long position with a very small size.
In chart below, you will find our analysis about supports and resistances on the daily chart:
![[EURAUD] SUPPORT & RESISTANCE AREA](https://tradingview.sweetlogin.com/proxy-s3/h/Hk6xm3rg_mid.png)
If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
In chart below, you will find our analysis about supports and resistances on the daily chart:
If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
Note
... every pullback should be considered a buy opportunityNote
Have a nice weekend!Note
Manage your long position:Note
Note
Note
We thank allTraders who supported us, happy weekend!
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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.
Related publications
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.