Hello Traders,
I hope you're all well.
I'd like to discuss the current status of EURAUD with you. The currency pair has recently moved beyond a previously observed downward trendline. At present, its price is confined within a narrow rectangle pattern. A potential scenario involves a breakout above this pattern, which could signify the continuation of the preceding bullish trend.
On the other hand, should the price break below the current support level, this might suggest an end to the bullish trend and potentially signal the onset of more bearish movements.
I'm interested in hearing your thoughts on EURAUD. Please take a moment to like this post and share your comments below.
I hope you're all well.
I'd like to discuss the current status of EURAUD with you. The currency pair has recently moved beyond a previously observed downward trendline. At present, its price is confined within a narrow rectangle pattern. A potential scenario involves a breakout above this pattern, which could signify the continuation of the preceding bullish trend.
On the other hand, should the price break below the current support level, this might suggest an end to the bullish trend and potentially signal the onset of more bearish movements.
I'm interested in hearing your thoughts on EURAUD. Please take a moment to like this post and share your comments below.