EURAUD is poised to confirm a bearish Head & Shoulders pattern.

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EURAUD is poised to confirm a bearish Head & Shoulders pattern.EURO VS AUSTRALIAN DOLLARTRADENATION:EURAUDKlejdiCuniEURAUD is poised to confirm a bearish Head & Shoulders pattern. The price could move higher today on hopes that the ECB can share some positive news on the economy and interest rates. The European Central Bank is expected to keep interest rates unchanged, ending a seven-year streak of cuts. If the price manages to break below the neckline of the pattern, it will open the door for further declines. The first support zone will be found near 1.7640 and the second near 1.7500. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.