We see a gradual rise in the market within the bounds of the green channel. Not so long ago, the price pushed off the lower wall of this channel, after which the bulls broke above the red line of the moving average. This may mean that the market has opened the way in the direction of the resistance level of 1.6513, which is located on the upper wall of the green channel. However, in the case of a break below the lower green bound near the support level of 1.6226, the upward scenario can be canceled. In this case, a decline to the lower bound of the green channel and the support level of 1.5932 is possible. Please note that this option of price movement is an alternative.[button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL EURAUD[/button] [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY EURAUD[/button]
