EURAUD: Bullish Setup Explained 🇪🇺🇦🇺
After setting a new higher, EURAUD retraced to a peculiar zone of confluence:
we see a perfect match between a horizontal structure and fib.retracements of the last two bullish impulses.
Respecting the underlined zone the price formed a double bottom formation and then broke its neckline to the upside.
I believe that EURAUD will bounce soon.
Target - 1.525
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