The EURAUD is looking to form a H&S pattern on the Daily. It has hit strong resistance at two key areas and seems to be pulling back to neck-line. If H&S succeeds I look for it to fall back to trend line and consolidate briefly, before continuing its descent towards the 1.5700 mark.
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.