EUR/AUD Long Term View
🔸WEEKLY CHART EXPLANATION:
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🔸This pair has been very choppy for the last months.
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🔸We can observe that it tried to break the range to the upside but wasn't able to consolidate above. Instead, it left a pinbar and a strong rejection to the downside.
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🔸Our bearish view involves a potential downsive move towards the Ascending Trendline, however, we need to be careful with the Support Zone at 1.60000.
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🔸Will look for a lower timeframe bearish setup.
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.
🔸This pair has been very choppy for the last months.
.
🔸We can observe that it tried to break the range to the upside but wasn't able to consolidate above. Instead, it left a pinbar and a strong rejection to the downside.
.
🔸Our bearish view involves a potential downsive move towards the Ascending Trendline, however, we need to be careful with the Support Zone at 1.60000.
.
🔸Will look for a lower timeframe bearish setup.
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