Price is showing strong bullish continuation on EURAUD after a clear break of previous consolidation structure.
Momentum remains supported by higher highs and higher lows, indicating buyers are still in control on the 4H timeframe.
The current push is approaching a major resistance/supply zone around 1.6700 where price previously reacted strongly.
This area may act as a decision point for either rejection or breakout continuation depending on buyer strength.
If price breaks and holds above this resistance, it opens room for a move toward higher liquidity zones above.
However, any rejection here could lead to a short-term pullback toward the mid-support levels below.
Momentum remains supported by higher highs and higher lows, indicating buyers are still in control on the 4H timeframe.
The current push is approaching a major resistance/supply zone around 1.6700 where price previously reacted strongly.
This area may act as a decision point for either rejection or breakout continuation depending on buyer strength.
If price breaks and holds above this resistance, it opens room for a move toward higher liquidity zones above.
However, any rejection here could lead to a short-term pullback toward the mid-support levels below.
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linkin.bio/andrewstelegramfamily
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.