EURAUD Weekly Channel for 2020
2020-01-09 13:50:59
2020 could see the continuation of EURAUD sticking within it's multi-month channel (800-900 pip range)
- EURAUD seems to be respecting many technical levels even within this channel (eg 1.63). A close above 1.63 could see EURAUD heading for 1.67-1.68
- Look for opportunities to short at the top of channel
- Bias to the downside once weekly MACD breaks out of triangle (likely in 2021)