EURAUD is heading towards 1.6428 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
After testing 1.6428 numerous times, EURAUD is once again approaching this price point. Can we expect a bearish trend to follow?
