EURAUD: Analysis of the Bullish Outlook
Last week, 🔻EURAUD reached a key rising trendline on the intraday chart.
Although the market had been consolidating horizontally for some time, the contact with the trendline triggered an upward movement.
The pair has since broken above the range's resistance and closed higher. I expect the bullish momentum to continue, with targets at 1.6697 and 1.6763.
Although the market had been consolidating horizontally for some time, the contact with the trendline triggered an upward movement.
The pair has since broken above the range's resistance and closed higher. I expect the bullish momentum to continue, with targets at 1.6697 and 1.6763.
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