Lingrid | EURAUD Potential Retest of the Key Level

1 009
EURAUD is holding firmly above the rising trendline after a successful retest of the support zone at 1.7813. The price has formed consecutive higher lows and remains within a well-defined upward channel, indicating continued bullish structure. A small corrective pullback is expected before a renewed rally toward the 1.8100 resistance level. Momentum is building for a potential breakout continuation toward the upper boundary of the channel.

📉 Key Levels
  • Buy trigger: Bounce from 1.7813 and reclaim of 1.7900
  • Buy zone: 1.7820–1.7880
  • Target: 1.8100
  • Invalidation: Breakdown below 1.7780 and support trendline

💡 Risks
  • Failure to hold above the current higher low
  • False breakout followed by bearish rejection from the mid-range
  • Weak momentum due to macroeconomic uncertainty

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!


Penafian

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