Lingrid | EURAUD Potential Retest of the Key Level

EURAUD is holding firmly above the rising trendline after a successful retest of the support zone at 1.7813. The price has formed consecutive higher lows and remains within a well-defined upward channel, indicating continued bullish structure. A small corrective pullback is expected before a renewed rally toward the 1.8100 resistance level. Momentum is building for a potential breakout continuation toward the upper boundary of the channel.

📉 Key Levels

• Buy trigger: Bounce from 1.7813 and reclaim of 1.7900
  
• Buy zone: 1.7820–1.7880
  
• Target: 1.8100
  
• Invalidation: Breakdown below 1.7780 and support trendline
  

💡 Risks

• Failure to hold above the current higher low
  
• False breakout followed by bearish rejection from the mid-range
  
• Weak momentum due to macroeconomic uncertainty
  

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!