📉EURAUD is trading in a strong downward trend on a daily chart.
Following a pullback yesterday due to an economic event, the price hit a significant horizontal resistance level.
After testing this resistance, the pair is showing clear bearish signals.
On the 4-hour chart, there is strong confirmation of bearish momentum, indicated by a bearish imbalance and a change of character.
It's likely that the pair will decline to at least 1.7378.
Following a pullback yesterday due to an economic event, the price hit a significant horizontal resistance level.
After testing this resistance, the pair is showing clear bearish signals.
On the 4-hour chart, there is strong confirmation of bearish momentum, indicated by a bearish imbalance and a change of character.
It's likely that the pair will decline to at least 1.7378.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.