EURAUD Approaching Key Support: Potential Buy Setup

5 Feb

EURAUD is approaching a significant demand zone, marked by prior price reactions and strong buying interest. This zone has historically acted as a reliable support area, suggesting the potential for a bullish rebound if buyers regain control.

The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 1.66105 level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or higher lows, to validate potential long entries.

6 Feb

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