EURAUD

💡The analysis shown in the chart displays a technical analysis of the currency pair EURAUD on the 4-hour frame. The drawing shows the price movement within a descending price channel. Identifying support and resistance areas The MACD indicator indicates the beginning of an upward momentum. If it continues to present longer green bars, the price may reach the R.1 or R.2 resistance levels. If the green bars start decreasing, this could be a signal of a weak uptrend and a possible reversal.
⛔️It is not investment advice, for educational purposes only.