The EURAUD currency pair is currently showing signs of continued bullish momentum. This outlook is supported by the formation of a higher low (HL), indicating sustained buying interest and the preservation of the uptrend.
Additional confirmation comes from a swing low and the formation of a double bottom pattern, both of which are classical reversal signals suggesting the price structure is poised for further gains.
As long as the price stays above the key support area, the potential for further upside remains valid.
Recommendation:
- Buy EURAUD
- Entry: 1.79228
- Take Profit 1: 1.79628
- Take Profit 2: 1.80028
- Stop Loss: 1.78828
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