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EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.6061, 1.6170, 1.6276

Key Support Levels: 1.5882, 1.5779, 1.5653

Daily Chart:

The price on the higher time frame has been in an uptrend after it found support around the 1.4280 level and reversed direction. The pair has broken a consolidation zone and now it broke a resistance level of 1.5694 which shows bullish signs.

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 consolidated for some time between a range of 1.5487 and 0.5653 and has broken the upper range. As of now it has broken and retested a minor level of 1.5882 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.5959

TP 1 @ 1.6049

TP 2 @ 1.6184

Stop Loss @ 1.5869

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. Need your analysis and signals daily

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