EURAUD: Classic Bullish Pattern

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.
FlagSupport and ResistanceTrend Lines

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