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Thursday, May 19, 2022

After continuous fall, EURAUD down. Good to Buy now for future holding?
1 mins well spent

EURAUD future Breakout analysis in hourly timeframe

EURAUD moved for long time in a down trend line by forming lower highs, lower lows in 1 hour chart. Breakout at the top zone shows future up trend.

EURAUD falling continuously for more days. Since from last month, EURAUD fall from the Very important Top zone 1.97 to the bottom 1.70

It is 27,000 points fall (2700 pips) movement in 1 month.

Today EURAUD broken the future down trendline in hourly chart.

We can expect upward movement on this currency pair for retracement.

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It is better to do nothing, instead of taking wrong trades.

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Thank you.
Forexgdp Team.

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