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EURAUD: Bullish Setup Explained đŸ‡ȘđŸ‡ș🇩đŸ‡ș

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Euro / Australiensisk dollar (OANDA:EURAUD)  
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OANDA:EURAUD   Euro / Australiensisk dollar
Fibonacci Support and Resistance Double Top or Bottom Forex Technical Analysis trader trading EURAUD euro australiandollar
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fibonacci supportandresistance doubletoporbottom forex technicalanalysis trader trading euraud euro australiandollar
snapshot

After setting a new higher, EURAUD retraced to a peculiar zone of confluence:
we see a perfect match between a horizontal structure and fib.retracements of the last two bullish impulses.

Respecting the underlined zone the price formed a double bottom formation and then broke its neckline to the upside.

I believe that EURAUD will bounce soon.

Target - 1.525

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