Showing posts with label EUR/AUD breaks through ascending support. Show all posts
Showing posts with label EUR/AUD breaks through ascending support. Show all posts

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.

analytics5c9c4c948b3f6.png

The material has been provided by InstaForex Company - www.instaforex.com