EURAUD - Bulls Still in Control… Waiting for the Next Retest!

📈EURAUD continues to hold a clean bullish structure, trading inside an ascending channel while respecting the major support zone around 1.7650–1.7700.

⚔️This green zone has acted as a strong rejection area multiple times, showing clear buying pressure each time price dips into it.

As long as EURAUD remains above this structure, the bullish bias stays intact. I will be looking for longs on the next retest of the channel’s lower boundary, which aligns perfectly with the green demand zone - a powerful confluence area for trend-following entries.

🏹If the bulls manage to defend this zone once again, the next wave upward toward the upper boundary of the channel becomes the most likely scenario. But if price breaks below the structure, the bullish outlook would weaken.

We’re now waiting for the market to make the next move… will the bulls step in again at support? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr.