EURAUD Monthly/ Weekly analysis
EURAUD on the monthly chart (left side) has been inside an uptrending channel dince July 2012.
Market in the past months went up in a sharp impulse till the top of the channel before starting a strong pullback as we can see on the weekly chart (righ side)
Price hit the previous weekly support and weekly ascending trendline before starting a new leg up.
Now the market is close to the upper resistance zone where the price could break and retest it to reach the 0.382 or retrace back for a break of the weekly trendline and look for the monthly lower part of the channel.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Market in the past months went up in a sharp impulse till the top of the channel before starting a strong pullback as we can see on the weekly chart (righ side)
Price hit the previous weekly support and weekly ascending trendline before starting a new leg up.
Now the market is close to the upper resistance zone where the price could break and retest it to reach the 0.382 or retrace back for a break of the weekly trendline and look for the monthly lower part of the channel.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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