EURAUD: BUY
The EURAUD currency pair appears to be consolidating within a range, having been rebuffed from the resistance zone and returning to the support zone. Based on this observation, it is anticipated that the price will rebound from the support zone and potentially test the resistance zone at 1.5753. Should the momentum intensify, there is a likelihood of the price breaking above the resistance zone via a strong bullish candle.
Note
All Targets hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.