EURAUD breached a yearly upward trend line to the downside, the pair is now coming for a retest of the trend line and the monthly resistance at the 1.53338 region.
The pair is forming a lower time frame upward trendline in the 4H timeframe as it climbs to retest higher timeframe structure.
An impulsive breakout of the trend line and the 1.5000 psychological level shld hopefully trigger more downside progress.
This is only my opinion, pls observe risk management practices.
The pair is forming a lower time frame upward trendline in the 4H timeframe as it climbs to retest higher timeframe structure.
An impulsive breakout of the trend line and the 1.5000 psychological level shld hopefully trigger more downside progress.
This is only my opinion, pls observe risk management practices.
