FX.co ★ vbahringer | EUR/AUD

Hello everyone. The price of the EUR/AUD currency pair has been rising throughout the week. On the H1 timeframe the price is currently in a small pullback and then, according to the break-of-structure, it may start rising again. The price is above the 200 EMA moving average. On the daily timeframe the price had been in a downtrend, and now it seems that the downward tendency is slowly being broken. If so, the price may stay in an uptrend for a long time. The technical analysis indicator suggests buying. Let’s see what happens next.