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EURAUD: DESCENDING TRIANGLE BREAK OFF EITHER UP or DOWN.

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Descending trend favours EURAUD further upside move. the price range moving towards a month high around 1.63550, but the move should have to be potential otherwise, the market could pull the price range in the opposite trend. A successful Passover after the 1.6355 barrier, might highlight the 1.65850.

Alternatively, if the signal fails to pass through the 1.6355 with a potential impulse, the resistance turned support can receive the price range @1.61700. However, the 1.61700 would tell the importance of 1.61000, the 1.60250 and the 1.59850.

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05 Oct 2018 11:13 am 0 Posted by tamilforex

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