After a breakout of a resistance line of a bullish flag pattern on a 4-hour chart, EURAUD is now undergoing a retest.
There is a strong alignment between a horizontal support level and an upward trend line, indicating a potential bullish movement in the near future.
It is likely that the pair will continue to rise, with a target set at 1.6581.
There is a strong alignment between a horizontal support level and an upward trend line, indicating a potential bullish movement in the near future.
It is likely that the pair will continue to rise, with a target set at 1.6581.
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Disclaimer
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