EURAUD Chart Technical Outlook moving lower within the CD leg of the Bat formation
The weekly chart highlights the cross moving lower within the CD leg of a Bat formation. This pattern will be completed at 1.4610. The shorter timeframes highlight lower lows and lower highs. There is no clear indication of a change in trend. Resistance is located at 1.6362 1.6404. The CD leg will be confirmed on a break of the previous swing low at 1.6129.
