EURAUD 22 Aug 2023 on the Daily Timeframe, it can be seen that this pair is in good shape to be able to continue to experience a bullish trend since the beginning of this month. Being well above the kumo cloud on the ichimoku indicator shows that price strengthening is still likely to continue. If it is true that this pair is able to maintain a bullish trend, then go-long can be an option for traders. But if there is a trend reversal caused by overbought conditions as seen on the stochastic indicator, then go-short is an option. Keep an eye on market changes and movements, learn many indicators before making trading decisions.
