EURAUD currency pair analysis
In the daily time frame, the price has hit the bottom of the descending channel at the same time as the harmonic shark pattern is completed. In addition, we also see the formation of a AB=CD pattern in the area of the bottom of the channel.
It is expected that the price will experience growth from this range or after another downward wave to the range of 1.6270
It is expected that the price will experience growth from this range or after another downward wave to the range of 1.6270
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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.