EURAUD has stuck to the current bearish trend line for months now and we are finally seeing another bounce from the pair. On top of that, we can see price has also bounced off a very significant level of support turned resistance showing us that trend will be continuing. Targets are around 700 pips as we reach for the weekly swing low
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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.