EURAUD Analysis: Resistance at 1.6250 and Targeting 1.6335
EURAUD is currently trading at 1.6250. It is attempting to break out of the descending trendline resistance. If the price manages to break above this level, we could see an upward movement toward 1.6335. Traders should keep an eye on this breakout, as it may indicate a stronger bullish momentum.
Note
Our analysis of EUR/AUD is playing out as predicted, with the pair moving in the expected direction.
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