A breakout is seen in the currency pair from lower level, a buying recommendation was given on the pair. The buyers have been buying strongly from the past 3 trading days indicating that the buyers are interested at lower levels. This level is going to act as strong support. Expecting the pair to move till 1.52 levels, near this level we can expect some consolidation in the pair, a retracement at mentioned level can be a good buying entry.

Recommending to book partial @ 1.52 and hold the pair for TGT price of 1.56

EUR/AUD

Apr 25 2022