The EURAUD currency pair is currently showing strong bullish potential. This outlook is supported by the formation of a swing low, suggesting that buying pressure is starting to take over again.
Additionally, the appearance of a double bottom pattern signals a possible reversal from the previous downtrend, further confirmed by a bullish candlestick pattern, reinforcing expectations for continued upward movement in the near term.
As long as the price stays above the support level, the bullish scenario remains likely.
Recommendation:
- Buy EURAUD
- Entry: 1.78160
- Take Profit 1: 1.78460
- Take Profit 2: 1.78760
- Stop Loss: 1.77860
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