EURAUD Analysis
EURAUD is moving in a descending channel in the daily timeframe. EURAUD has broken the horizontal support area recently in the 4-hour timeframe chart.
After the confirmation of the Downward movement, EURAUD Sell signal was given.
EURAUD Update:
EURAUD is consolidating at broken the horizontal support area, which leads to the SL price. However, EURAUD still have chances to fall from the support area.
Reason : Due to the release of more Economic news mentioned below, the market is not making technical movement for now.
Eurozone Consumer Price Index (CPI) YoY
Germany Gross Domestic Product (GDP) QoQ
Australia Retail Sales (MoM)
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