EURAUD was trading inside the descending parallel channel . The price is reacting well the support and resistance of channel.
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 1.6670 followed by 1.6740
What you guys think of this idea?
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 1.6670 followed by 1.6740
What you guys think of this idea?