EUR/AUD Trading Analysis (05/02/2025)
The trend is ascending. The currency pair is trading in the range of 365 and 135 ЕМАs. The downward truncated wave structures finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the breach of 1.6626.
- Stop-loss at 1.6580.
- Price targets at 1.6672 and 1.6750.
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