💱 EURAUD - Rebound from downtrend resistance

2023년 11월 8일

EURAUD does not pass through the resistance of the downtrend, consolidation is formed, which prepares the currency pair to fall.

Prerequisites for further decline:
1) Euro is in the weak market phase and continues to decline.
2) A descending channel is marked on the chart, the price is bouncing off the trend resistance
3) Consolidation below 1.66166 forms a sell signal.
4) If 1.6574 is broken, further decline to 1.6456 will begin to form.

Key support: 1.6574
Key resistance: 1.66166