EURAUD is trading in descending channel pattern and recently it seems like the sellers are bit exhausted now and bullish take the charge and has given breakout of the channel.
Currently the pair is forming support at 1.6550 level, and it seems like bulls are getting ready for another leg high.

What you guys think of this idea?
beyondtechnicalanalysischannelbreakChart PatternsDescending ChannelEURAUDeuraudlongTechnical IndicatorsJTSlocalsupportTrend Analysis

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