EUR/AUD Waiting for a Breakout + Pullback
🔸DAILY CHART EXPLANATION:
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🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
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🔸The last week, it bounced at the Resistance Zone.
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🔸We consider that this pair has bullish potential, but first, we are waiting for a breakout of the Resistance Zone and then for a retest before consider a bullish trade.
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🔸 The potential target of the movement if our forecast is valid, is the Resistance Zone at 1.7400.
.
.
🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
.
🔸The last week, it bounced at the Resistance Zone.
.
🔸We consider that this pair has bullish potential, but first, we are waiting for a breakout of the Resistance Zone and then for a retest before consider a bullish trade.
.
🔸 The potential target of the movement if our forecast is valid, is the Resistance Zone at 1.7400.
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