EURAUD: Bullish Setup Explained 🇪🇺🇦🇺

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

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️