The EURAUD currency pair is currently showing signs of bullish continuation. This upward momentum is supported by the formation of a double bottom pattern, a classic signal of a trend reversal from bearish to bullish.
In addition, bullish candlestick confirmation suggests growing buying interest. The existing upward trendline further supports the potential for continued price increases.
As long as the price holds above the support level, the bullish scenario remains valid.
Recommendation:
- Buy EURAUD
- Entry: 1.80230
- Take Profit 1: 1.80630
- Take Profit 2: 1.81030
- Stop Loss: 1.79830
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