EURAUD Breakout Analysis
EURAUD has formed a Descending channel by creating lower highs, lower lows in 1-hour time frame chart.
EURAUD has broken the top zone of the descending channel in the 4th attempt.
After the confirmation of breakout, EURAUD Buy signal is given.
However, Yesterday market went near to Target 1 but didn’t reach it.
Today market retested the breakout level once and then shoot up to our take profit target successfully.