EURAUD–At support,rebound likely

10 February 2021

EURAUD currently stands at the support of the horizontal support line suggesting limited downside potential, further the pair is testing the support for the third time making a triple bottom formation. It would be prudent to say that the pair could rise towards 1.5700 and 1.5800 while it sustains above 1.5550.

Prepared by
Technical Analysis Team

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