Expected Upward Movement for the EUR/AUD Pair

The EUR/AUD pair has returned to the demand zones

from which it previously rose, as we anticipated in the previous analysis.

Currently, there are strong indications of renewed accumulation on the pair

which are expected to push the pair upwards again soon.

Expected Targets

Currently, a new minor downtrend has formed during the recent downward wave.

If the downtrend is broken and the price closes above it,

we expect to see an upward movement towards

 the targets set at 1.7800 and 1.7890.

If the pair returns to the demand zones and rises again,

the bullish scenario will remain valid, but only if the downtrend is broken.