EURAUD BIAS
Price is very much in a downtrend with price below the lower bond of the descending channel, which i will consider as a BEARISH flag for the next sell POLE, looking at the big picture WEEKLY/MONTHLY picture of the pair...
Technically price is a range bound on the 4H chart which is what we will be working with for now, until we break above or below it... We have 61.8Fib zone of the range bond price acting as resistance now, at 1.6420 a break above and retest holding will set price higher to 1.6600
While a break below 1.6420 will set price lower targeting 0.6090 zone..
Technically price is a range bound on the 4H chart which is what we will be working with for now, until we break above or below it... We have 61.8Fib zone of the range bond price acting as resistance now, at 1.6420 a break above and retest holding will set price higher to 1.6600
While a break below 1.6420 will set price lower targeting 0.6090 zone..
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