EURAUD | Multi-Timeframe Analysis (Weekly + Daily + 4H)EUR/AUDOANDA:EURAUDChoughleEURAUD is currently at a key decision zone after reacting from higher timeframe structure. Let’s break it down: 🔹 Weekly Timeframe Price is respecting a long-term ascending trendline, showing that the overall structure is still bullish. The recent pullback looks like a healthy correction within an uptrend. 🔹 Daily Timeframe On the daily chart, price is recovering from recent lows and approaching a strong resistance zone. Market structure suggests a potential continuation, but resistance needs to be cleared. 🔹 4H Timeframe Price is consolidating just below a key resistance (white line). This zone is crucial for the next move. Trade Scenarios Scenario 1: Bullish Breakout (Preferred) If a strong 4H candle closes above the resistance (white line), it may confirm continuation of the uptrend after consolidation. Entry: 1.67822 Stop Loss: 1.66559 TP1: 1.69681 TP2: 1.71244 Expectation: Continuation move after consolidation forming a new bullish leg. Scenario 2: Bearish Rejection If price fails to break above 1.67874, combined with RSI bearish divergence, we may see a downside move. Entry: 1.66445 Stop Loss: 1.68576 TP1: 1.64310 TP2: 1.62193 Break below 1.6680 would strengthen bearish bias. Market is currently in a range/compression phase — breakout from this zone will likely define the next directional move. #EURAUD #Forex #Trading #Breakout #TradingView #ForexTrading #RSI #TechnicalAnalysis