EURAUD 16 03 2021
During this fall, the price tried to break through the support level 1.535. However, the first time she did not succeed, since there was a trend line of support nearby. However, now the support level is close to the resistance line of the channel. The price is between the support and the resistance line and I expect it to rise first and touch the resistance at 1.549. After that, it will fall, break through the level of 1.535, fix on it and continue to fall to support. So my final target is the 1.496 support line.
During this fall, the price tried to break through the support level 1.535. However, the first time she did not succeed, since there was a trend line of support nearby. However, now the support level is close to the resistance line of the channel. The price is between the support and the resistance line and I expect it to rise first and touch the resistance at 1.549. After that, it will fall, break through the level of 1.535, fix on it and continue to fall to support. So my final target is the 1.496 support line.
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