EURAUD: Trend-Following Trading Setup 🇪🇺🇦🇺

EURAUD is trading in a long-term bearish trend.
After the price set a new low at the beginning of April,
the pair started a correctional movement.

It looks like bears are finally started to push:
yesterday the price broke a strong horizontal demand cluster and a major rising trend line.

Now I expect a bearish continuation to 1.44 level.

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Commentaire:

Check my new idea on USDCHF: