linofx1

EURAUD: Classic Bullish Reversal 🔀

Long
FX:EURAUD   Euro / Australian Dollar
The 📈EURAUD pair experienced a consistent decline while following a falling wedge pattern. However, when it reached the support level of 1.6140, the market began to consolidate within a sideways range.

Last Thursday, the bulls successfully broke through both the range resistance and the resistance of the wedge pattern. This is a significant indication of the buyers' strength. I anticipate a pullback to the level of 1.6467...Trade safely 👍✅

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