EURAUD: Your Trading Plan For Next Week Explained
EURAUD is currently in a long-term uptrend on the daily chart.
At the beginning of the year, the price created a large ascending triangle pattern, which is a common bullish formation.
A significant bullish signal would be a breakout above the resistance line, which acts as the neckline of the pattern.
Confirmation of buyer strength and a continuation of the bullish trend would come with a 4-hour candle closing above this level. The next target for the price would be 1.6761.
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