Supporting a Euro Reversal. EUR/AUD rallied to resistance 1.523, however in my last week post I stated technical indicators didn't support a breakout. This week we saw it happen, price reverted to 1.491 on only two days. On a daily chart an ascending triangle is formed. Time will tell if it has enough strength to break support, or if it will return back to resistance and break it.
For more analysis visit investing.com/members/200755314
For more analysis visit investing.com/members/200755314
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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.