EURAUD Analysis:
EURAUD reached the higher low area of the major ascending channel in the higher timeframe daily chart
In the 4-hour timeframe, EURAUD reached the lower low area of the descending channel
In the smaller timeframe 1-hour chart, EURAUD has broken and retested the minor descending channel
EURAUD Update:
EURAUD is consolidating at the higher low area and the price move towards the horizontal support area in the daily timeframe chart which leads to SL price. However, EURAUD will consolidate and make a correction soon from the next support zone. EURAUD still remains in an Uptrend in the longer view.
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