The EURAUD pair broke out above a falling wedge pattern formed during an uptrend, which is a bullish signal. Previously, the pair respected the 61.8% Fib level and was supported by the recent weakness in the Australian dollar.
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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.