EURAUD is maintaining bullish momentum within a broad upward channel after bouncing from the 1.7900 support zone and forming a triangle continuation pattern. Price is coiling just below the 1.8000 handle and the red resistance boundary of the channel. A confirmed breakout above 1.8000 could open the path toward the 1.8100 target area, extending the broader bullish structure.📈 Key Levels
Buy zone: 1.7880–1.7900
Sell trigger: breakdown below 1.7880
Target: 1.8100
Buy trigger: breakout and retest of 1.8000–1.8020 zone
💡 Risks
Rejection from 1.8000 resistance could trigger a pullback
Break below the blue trendline may invalidate bullish setup
Low momentum breakout may stall below 1.8050
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.