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EURAUD is trading within a descending channel, indicating a bearish market structure. Price is currently rallying toward the upper channel resistance, where sellers may step in. A rejection from this area could trigger a move lower toward the channel support.
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EURAUD is trading within a descending channel, indicating a bearish market structure. Price is currently rallying toward the upper channel resistance, where sellers may step in. A rejection from this area could trigger a move lower toward the channel support.
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
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.