DeGRAM

EURAUD left the channel, begins to fall

Short
OANDA:EURAUD   Euro / Dollar Australien
Since the spring of 2019, the price has been in a growing channel.
In the spring of 2020, the largest breakdown occurred.
The reason was the unstable political and epidemiological situation.
However, by early summer, the price returned to the channel and continued a slight upward movement.
At the end of October, the price bounced off the resistance line 1.660 and fell to the next resistance (the lower channel line).
In the first week of December, the price was able to break through the resistance line 1.613.
It will fix on it after a breakdown and fall again.
Now I expect the fall to continue.
The price will come to the support line.
The target is 1.560.

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