On EURAUD, we notice a price consolidating around 1.592 within a demand zone. The price is consolidating after breaking a bearish trendline. In this area, many buying orders are accumulating, suggesting a potential increase in the stock price up to 1.62, where we have an interesting supply zone. I don't exclude a rise towards the 1.64 area.
Share your perspective.
Happy trading to all.
Nicola CEO of Forex48 Trading Academy
Share your perspective.
Happy trading to all.
Nicola CEO of Forex48 Trading Academy
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