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Does this euro husband feel tired of climbing him?
EUR/AUD made a few failed attempts to a bust in the 1.7400 area and is now heading towards supporting the neckline at 1.7100.
Do not miss this potential configuration of the reflection, which is brewing on its time frame for 4 hours.
EUR/AUD 4 hours Forex The graph by TradingView
Expectations and tariffs from Dovish RBA managed to support EUR/AUD in early March, but it seems that the gathering began to run out of steam.
The husband struggled to extend his climb after the main psychological brand 1.7400, such as The Australian Central Bank has recently turned into a more neutral positionDecide on keeping rates during its last meeting.
Meanwhile, the European Central Bank continues to tend to reduce prices, although policy makers have emphasized their gradual approach to data.
Are we about to see monotheism or reflection of the direction from here?
Remember that directional biases and fluctuations in the market price are usually driven by the basics. If you have not yet performed your home duty on euro and Australian dollarThen it is time to check Economic evaluation And stay in knowledge Daily basic news!
The PRICE is yet to be tested and broken below the neckline in the S1 (1.7100) and a major psychological level to confirm the potential downtown trend, which can then continue with the same height of the formation of the graph or about 300 points.
Keep your eyes peeling in order to reflect the candles in this support area, although this may mean the range of the EUR/AUD range. In this case, search for a possible bounce back to the highest levels or at least to the interest area near the axis point level and 1.7200 marks.
Do not forget that 100 SMA is safely higher than 200 SMA in this timeline, which suggests that support is likely to carry more than breaking it.
Whatever the bias that end up to circulation, do not forget to train properly Risk Management And stay familiar with First degree incentives It can affect the morale of the comprehensive market!
