I am currently in a long position on EURAUD due to the following factors:
Demand zone touch: The EURAUD price has touched a demand zone, indicating buying interest at that level and a probable price bounce upwards.
Technical analysis: Technical analysis confirms the presence of a demand zone and suggests a potential appreciation of EURAUD.
Economic expectations: The Eurozone economy is expected to recover in the coming months, which could benefit EURAUD.
Demand zone touch: The EURAUD price has touched a demand zone, indicating buying interest at that level and a probable price bounce upwards.
Technical analysis: Technical analysis confirms the presence of a demand zone and suggests a potential appreciation of EURAUD.
Economic expectations: The Eurozone economy is expected to recover in the coming months, which could benefit EURAUD.