ðąEURAUD - potential for further growth is forming
EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000
TA on the high timeframe:
1) the market is entering the distribution phase
2) The accumulated potential can be realized during 2-3 weeks.
TA on low timeframe:
1) Consolidation is formed above 1.66387
2) before further growth the price may return to the support for a retest
3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level
Key supportð: 1.66387
Key resistanceð: 1.67914
TA on the high timeframe:
1) the market is entering the distribution phase
2) The accumulated potential can be realized during 2-3 weeks.
TA on low timeframe:
1) Consolidation is formed above 1.66387
2) before further growth the price may return to the support for a retest
3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level
Key supportð: 1.66387
Key resistanceð: 1.67914
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