EURAUD Potential Longs - Technical Outlook 17.06.2025Overall Trend & Context:
FX:EURAUD has been in an overall uptrend since mid May when price reacted off a daily demand level.
Technical Findings:
Price is currently trading just above the discount (equilibrium).
Would prefer to see it drop into the discount area - There are areas of demand on the 1h chart which we could possibly consider however the 4h demand shown on the chart above qualifies as a STRONG zone to trade from.
Notes:
If we see a 15m shift in structure it may be worth getting involved.
