From TradingView · · 30s
EURAUD Trendline Rebound at Key Support
EURAUD breaks key support with bullish trendline rebound targeting 1.62609.
In brief
EURAUD breaks key support with bullish trendline rebound targeting 1.62609. EURAUD rebounds from 1.6000-1.6100 support with target of 1.62609. Originally reported by TradingView.
EURAUD Bullish Reversal Setup
EURAUD shows bullish reversal near 1.6000 to 1.6100 support after liquidity sweep rejection.
Key Technical Confluences
Multi-touch trendline support validated by historical rejections since march with fibonacci retracement cluster at 1.6100.
Trade Execution Plan
Entries between 1.6100 and 1.6177 with take profit at 1.62609 and 1.64117 for risk management.
The bottom line
EURAUD rebounds from 1.6000-1.6100 support with target of 1.62609.
