EURAUD has recently made a bearish break of a major Weekly Trendline that dates back to mid 2012.
in the past few weeks, the pair has had some bullish momentum, however it is struggling to make a solid break higher above the trendline, offering some decent opportunities for intraday scalps
The weekly chart below shows the the trendline in play, and the following chart shows the daily reaction from that level.
in the past few weeks, the pair has had some bullish momentum, however it is struggling to make a solid break higher above the trendline, offering some decent opportunities for intraday scalps
The weekly chart below shows the the trendline in play, and the following chart shows the daily reaction from that level.
EURAUD Weekly
EURAUD Daily