EURAUD playing on upward channel. This is a pure example of support resistance in price action trading. Price in uptrend and break and retest the resistance zone before moving up. Price break 1.4450, 1.4800, 1.5220 resistance zone and retest them as a new support. Now the next resistance is 1.5610 and this is also the resistance of upper trendline. We can expect some correction from this zone. I will looking for buy signal on 1.5220 zone. Also if I get a strong sell signal in 1.5610 zone then I will go for short by targeting 1.5220
Happy Trading...!
Happy Trading...!
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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.