💱EURAUD - potential for further growth is forming

١٣ أكتوبر ٢٠٢٣

EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000



TA on the high timeframe:
1) the market is entering the distribution phase
2) The accumulated potential can be realized during 2-3 weeks.

TA on low timeframe:
1) Consolidation is formed above 1.66387
2) before further growth the price may return to the support for a retest
3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level

Key support📉: 1.66387
Key resistance📈: 1.67914