A strong buying opportunity for the EUR/AUD on the 4-hour timeframe.

The EUR/AUD pair has begun to move out of its sideways movement, which so far has indicated accumulation.

The pair has established strong new demand zones on the 4-hour timeframe and has broken the minor downtrend, strongly confirming the current dominance of buyers.

Expected targets:

Currently, if the price tests the demand zones near 1.62170, it is expected to resume its upward trend, targeting 1.62600 and 1.63100 respectively.

Furthermore, if the initial demand zones are broken, we may see a rise from subsequent demand zones, provided strong buy signals emerge.