Hey Traders,
Check EURAUD out, the pair has been on a very tight uptrend after breaking above the upper band of the WEEKLY descending channel.
Now, the market got a fast rebound from the OB, and then commence a new bearish trend phase to retest the broken band or make a deeper flow below.
Additionally, the price made a complete Head and Shoulder pattern and could support the take on the bearish momentum.
The worth looking into.
Check EURAUD out, the pair has been on a very tight uptrend after breaking above the upper band of the WEEKLY descending channel.
Now, the market got a fast rebound from the OB, and then commence a new bearish trend phase to retest the broken band or make a deeper flow below.
Additionally, the price made a complete Head and Shoulder pattern and could support the take on the bearish momentum.
The worth looking into.