Hello Forex Trader,

I just wanted to share with you my latest and personal view on the EURAUD DAILY(2nd-Jan-2020) market analysis.

EUR/AUD DAILY 2nd-Jan-2020

EUR/AUD have been in a bouncing phase inside a symmetrical triangle for some months right from August of 2019. Also we can see the pairs gave a formation of an HEAD and SHOULDERS chart pattern which is technically signaling a bearish bias of the currency pairs

Horizontal resistance lies @1.63096 while potential support lies @1.59115. Our dynamic trend-line had been broken @1.60142 but the bears still have to clear off support which lies @1.59115 to give us a strong signal of the bears to re-expose next support which [email protected]055.

What do you think about this currency pairs?

Remember the comment box is all yours..👇

Trade well,
Allen @fxklex

Omoare Allen
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