EURAUD rebounded, creating a 4-hour bullish pattern in the monthly demand zone. It fell because there is a daily supply zone at the top, but the 4 hour demand zone and daily demand zone below will support it.
As such, AUD versus EUR is likely to weaken to form a pattern.
If the rising impulse falls again below the starting line, this analysis is invalid.
As such, AUD versus EUR is likely to weaken to form a pattern.
If the rising impulse falls again below the starting line, this analysis is invalid.
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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.