EURAUD Long Term Bullish/short term bearish
**Monthly chart**
The monthly chart is on an upward trend. Last month's candle closed bullish after testing the previous month's low (Dec 2023).
**Weekly Chart**
Last week candle closed as a bullish candle after it swiped liquidity from the low. However, the price is also making lower lows on weekly and it now creating a new swing that might retrace lower towards the monthly low. While it still didn’t break the upward structure on a weekly. Therefore, my bias is still bullish on EURAUD.
**Daily Chart**
The price is currently retracing of the high. This might give a good counter-trend trade with a small stop to test the monthly low levels before moving higher.
Will focus on these trading opportunities on lower time frames
The monthly chart is on an upward trend. Last month's candle closed bullish after testing the previous month's low (Dec 2023).
**Weekly Chart**
Last week candle closed as a bullish candle after it swiped liquidity from the low. However, the price is also making lower lows on weekly and it now creating a new swing that might retrace lower towards the monthly low. While it still didn’t break the upward structure on a weekly. Therefore, my bias is still bullish on EURAUD.
**Daily Chart**
The price is currently retracing of the high. This might give a good counter-trend trade with a small stop to test the monthly low levels before moving higher.
Will focus on these trading opportunities on lower time frames
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