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 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..👇