EUR/AUD has been consolidating for the last couple of weeks and has now broken higher.
EUR crosses look strong and the commodities currencies appear weak so I expect more gains to retrace much of the April high this year.
Buy : 1.7905 retest broken trendline (now support)
Stop : 1.78065 under consolidation lows
Profit : 1.8250 before 78.6% Daily Fib retracement of April 2025 high
Risk 1 : 3.5
EUR crosses look strong and the commodities currencies appear weak so I expect more gains to retrace much of the April high this year.
Buy : 1.7905 retest broken trendline (now support)
Stop : 1.78065 under consolidation lows
Profit : 1.8250 before 78.6% Daily Fib retracement of April 2025 high
Risk 1 : 3.5
Note
This trade isn't live yet and if there is a large gap on Sunday I might cancel or update the trade idea before markets open.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.