Bearish Breakout
Aktualisiert
Dear Trader,
I trust you're doing alright.
EURAUD has broken down from the descending triangle pattern. The current bias is bearish as the most recent price action is a break below the support level. We thus expect the price to continue downwards.
On the other hand, if the price should reclaim the static resistance level as support, this would change our bias to bullish.
Dear trader, what is your thought on EURAUD?
Kindly like and comment below.
I trust you're doing alright.
EURAUD has broken down from the descending triangle pattern. The current bias is bearish as the most recent price action is a break below the support level. We thus expect the price to continue downwards.
On the other hand, if the price should reclaim the static resistance level as support, this would change our bias to bullish.
Dear trader, what is your thought on EURAUD?
Kindly like and comment below.
Anmerkung
Perfecto
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