💱EURAUD - potential for further growth is forming
EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000
TA on the high timeframe:
1) the market is entering the distribution phase
2) The accumulated potential can be realized during 2-3 weeks.
TA on low timeframe:
1) Consolidation is formed above 1.66387
2) before further growth the price may return to the support for a retest
3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level
Key support📉: 1.66387
Key resistance📈: 1.67914
TA on the high timeframe:
1) the market is entering the distribution phase
2) The accumulated potential can be realized during 2-3 weeks.
TA on low timeframe:
1) Consolidation is formed above 1.66387
2) before further growth the price may return to the support for a retest
3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level
Key support📉: 1.66387
Key resistance📈: 1.67914
❤️ Telegram channel: t.me/AndeWave
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.