ClearTradingMind

EUR/AUD Set for a Bullish Reversal!

Long
FX:EURAUD   Euro / Australian Dollar
EUR/AUD has exhausted its bearish journey after two months of falling. The pair has now formed two conforming patterns on the 1-hour chart: a falling wedge and a double bottom. Therefore, I expect it to rise from 1.62800 to 1.64400, with the stop loss for this analysis set at the current low of 1.6200. What do you expect for the further trend? Let's see!

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