EURAUD is in a long term slowly ascending channel. So long term direction is bullish. Now we see it hitting the bottom of a recent steep upward channel, while also hitting a clear support/resistance area. We also see the RSI remaining bullish since a week or so. I expect it to go up from here, potentially reaching the mid-line of the long term channel (red) since this has proven a strong resistance in the past. Or higher.
Let's see!!
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