📉EURAUD has broken through and closed below an important horizontal support level during the day.
The highlighted blue section also serves as the neckline for an inverted cup & handle pattern.
This violation suggests that there may be further decreases in price.
The next support level to watch for is at 1.7110.
The highlighted blue section also serves as the neckline for an inverted cup & handle pattern.
This violation suggests that there may be further decreases in price.
The next support level to watch for is at 1.7110.
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