EURAUD: Bullish Outlook Explained
Last week, the 🔻EURAUD hit a significant rising trend line on the intraday chart.
Despite the market having been in a horizontal consolidation phase for a while, the contact with the trend line pushed the pair upward.
The market subsequently broke through and closed above the range's resistance.
I anticipate that the pair will continue to rise.
Targets: 1.6697 / 1.6763
Despite the market having been in a horizontal consolidation phase for a while, the contact with the trend line pushed the pair upward.
The market subsequently broke through and closed above the range's resistance.
I anticipate that the pair will continue to rise.
Targets: 1.6697 / 1.6763
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