EURAUD failed to create a lower low creating a strong support at 1.55980. So now we can expect an inversion of the trend with the formation of higher highs and higher lows, the 100% confirm of the creation of a bullish structure is at the break of the bearish trend line respected correctly since December. Before entering for a buy i will wait for a clear retest of support at 1.56550.
Trade closed: target reached
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Perfect bullish move + 70 pips from entry point. Target 1 almost reach, i will wait to see if also target 2 will be touched. Euro in strong bullish momentum.