EURAUD May 8, 2020
Two things to consider from the market:
1) Market is characterized by Lower Highs
2) Market have not return to major support level.
With that being said two things may occur:
1) Market may pullback from rejection zone and form a double bottom
OR
2) Market may break rejection zone and continue to the downside to major support level
1) Market is characterized by Lower Highs
2) Market have not return to major support level.
With that being said two things may occur:
1) Market may pullback from rejection zone and form a double bottom
OR
2) Market may break rejection zone and continue to the downside to major support level
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.
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.