EURAUD 100 pip drop
Taking a look at the Daily chart on EURAUD shows us that we are now moving towards a bearish leg playing out on the currency. What were seeing on this 15 min chart is a small ranging area of structure that price has moved into while making a longer term bearish leg. I believe that we'll soon break this bearish leg to the downside and continue a steady drop down to the lower support.
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.