EUR/AUD’s break of 1.7588 support confirms resumption of the fall from 1.8155. Such decline is seen as the third leg of the corrective pattern from 1.8554 high.
Sentiment is: Negative
Technical Analysis
Emerging Channel Down detected on EUR/AUD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1.782845 and it is expected to move to 1.7791.
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