EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.77889, 1.79015, 1.79562

Key Support Levels: 1.76950, 1.74525, 1.72519

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 1.72519 and bounced back. The pair has also broken a few resistance levels which suggests further trend continuation.

EUR/AUD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a resistance area recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 1.76950 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.77268

TP @ 1.77805

Stop Loss @ 1.76732

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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