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Euro / Australian Dollar
Updated

EURAUD Daily

80
Price is following an overall higher timeframe uptrend structure making higher highs & lows. Price this week has cleared the falling channel bullish reversal pattern to the upside, along with clearing the structure resistance on the 4 hour timeframe. This upcoming week, I am looking for price to resume the uptrend into the regions above, & for a new potential higher high in the near future..
Note
snapshot On 4 hour: Price also formed an inverse head on shoulders formation, & has cleared the neckline. Next I would be looking for a retest of the broken neckline resistance to hold as new support on the lower timeframe for price to continue into the zones above.
Profound_Ambition
Supply and DemandSupport and ResistanceTrend Analysis

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Supply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

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.