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FX.co ★ EUR/AUD breaks through ascending support, further drop!

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Forex Analysis

2019-03-28T04:25:41
iconLong-term review

EUR/AUD breaks through ascending support, further drop!

The price broke through our ascending support and reversed off our resistance where we are expecting a further drop to our support at 1.57907 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure.

EUR/AUD breaks through ascending support, further drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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