FX.co ★ Technical Analysis of Intraday Price Movement of EUR/AUD Cross Currency Pairs,Thursday December 07, 2023.

On the 4 hour chart, EUR/AUD cross currency pairs seems moving inside the downward sloping channel, but WMA 30 Shift 20 moves in the middle of body candle which means that the overall, EUR/AUD has the Bearish bias but moving inside Sideways condition. However, currently EUR/AUD is trying to breaks above the level 1,6521, and if this level is broken, then EUR/AUD will continue the upward correction to the level 1,6636, but this scenario will become invalid and cancel itself if on the way to those level targets suddenly EUR/AUD return to its weakness and broken below the level 1,6360.

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