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Underlying:EURAUD
Time frame:1D
Looking at EURAUD alongside other Euro pairs we are getting a general theme of bullishness. There are two formations going on here, the first being a trending channel (shaded in orange) which is being respected so far. You will then notice there is a narrowing range where the highs are statying at the same level, but the lows keep getting higher. This seems to be putting a lot of pressure to the upside and is the reason I am still expecting a break out to the upside.
Underlying:EURAUD
Time frame:1D
Looking at EURAUD alongside other Euro pairs we are getting a general theme of bullishness. There are two formations going on here, the first being a trending channel (shaded in orange) which is being respected so far. You will then notice there is a narrowing range where the highs are statying at the same level, but the lows keep getting higher. This seems to be putting a lot of pressure to the upside and is the reason I am still expecting a break out to the upside.
