EURAUD Technical Analysis

Hello Price Action Traders.

EUR/AUD

The EUR/AUD keeps falling since the Head & Shoulders reversal took place in the beginning of the year. Since June 12, the pair has been maintaining a bearish flag and the last daily candle closed below the bearish continuation pattern. That could be a clue that we’re getting a breakdown and, therefore, a resumption of the downtrend.

 

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