EURAUD: Bearish Outlook

EURAUD: Bearish Outlook

4 April 2023, 10:54
Kestutis Balciunas
0
164

euraud

EURAUD: Bearish Outlook


🔻EURAUD is trading on a key weekly structure resistance.
Once the underlined area was reached, the pair started to trade within a horizontal range for 9 consequent trading days.
Its support was finally broken yesterday.

I think that the pair may drop now.
Targets: 1.593 / 1.5717

For Additional confirmation use: the Ichimoku Cloud Indicator

Contact information:

Profile: https://www.mql5.com/en/users/forexobroker

Telegram Channel: https://t.me/forextradingstrategies4us

Email: info@forexobroker.com


Share it with friends: