EURAUD appears to be bullish following a retest of a recently breached daily horizontal resistance.
On the 4-hour chart, I observe a descending channel formed after this test a breakout above its resistance line.
The likelihood of the price continuing to rise and reaching at least 1.7721 is quite high.
On the 4-hour chart, I observe a descending channel formed after this test a breakout above its resistance line.
The likelihood of the price continuing to rise and reaching at least 1.7721 is quite high.
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Join our Telegram channel for daily market update 👇👇
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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.