EURAUD: Update -Reached a Peak at 1.6800, New Downtrend Emerging

14 בינו׳

EURAUD: Update -Reached a Peak at 1.6800, New Downtrend Emerging

EURAUD climbed to 1.6800, encountering a significant resistance zone.
Yesterday, at the start of the new year, EURAUD broke down from a wedge pattern, indicating a potential trend reversal.
Following this decisive breakout, the price dropped by nearly 220 pips.

Currently, the market is not at full strength, so we might see EURAUD take a pause before continuing its downward movement, as depicted in the chart.

You may find more details in the chart!
Thank you and Good Luck!

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15 בינו׳

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