EURAUD 28.10_chart

EUR/AUD price moves in a modestly increasing channel. Currently, after big and long-term downward movement, price reached channel lower limit, where we can observe local support.

We should focus on candles shapes here – they show that our level is defending itself very well. It is worth to wait for breaking above the correction red line. It may give a potential buy signal and show that buyers are in the charge.

EURAUD 28.10_screen

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