EURAUD is in a long term slowly ascending channel. So long term direction is bullish.
Now we see it hitting the bottom of a recent steep upward channel, while also hitting a clear support/resistance area. We also see the RSI remaining bullish since a week or so.
I expect it to go up from here, potentially reaching the mid-line of the long term channel (red) since this has proven a strong resistance in the past. Or higher.
Let's see!!
***Let me know what you think (I will always respond) and like if you find this useful!!***
Now we see it hitting the bottom of a recent steep upward channel, while also hitting a clear support/resistance area. We also see the RSI remaining bullish since a week or so.
I expect it to go up from here, potentially reaching the mid-line of the long term channel (red) since this has proven a strong resistance in the past. Or higher.
Let's see!!
***Let me know what you think (I will always respond) and like if you find this useful!!***