On the daily timeframe, a significant compression zone has occurred. If the price manages to break above its key resistance level at 1.65 and establishes upward momentum, we could expect another upward leg for EURAUD.
🗣️ Keep an eye on lower timeframes for potential breakouts and momentum confirmation. However, if the price gets rejected from this level and moves downward again, it might lead to a correction towards the bottom of the compression zone.
🗣️ Keep an eye on lower timeframes for potential breakouts and momentum confirmation. However, if the price gets rejected from this level and moves downward again, it might lead to a correction towards the bottom of the compression zone.