EURAUD has broken out from its previous flag pattern into a new bullish channel. Price is currently testing resistance, and may break down from its current channel and test the nearest support, before most likely continuing on its bullish path. Otherwise, price may just breakout further within its current channel to test next resistance.
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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.