EURAUD

💡The attached analysis shows the movement of the EUR/AUD currency pair on the daily time frame D1. Upside potential: If the price breaks the R.1 resistance and closes above it, it will likely target the R.2 area. The current positive momentum supports this scenario. Downside probability: If the price fails to break through R.1, it will likely bounce down towards the pivot point (P.P) or first support (S.1). If S.1 support is broken, the decline may extend to S.2.

⛔️It is not investment advice for educational purposes only.