EUR/AUD Breaks Rare Diamond Pattern – Upside in Sight
15 August 2025
In today’s technical analysis, we’re taking a look at the long-term situation on EUR/AUD, using the H4 chart for context. What stands out is a rare but highly reliable diamond formation, marked with blue lines. This pattern has been developing for a considerable time, and in the second half of this week, we saw a decisive breakout to the upside. That breakout alone is a technical buy signal.
The first upside target sits at the green horizontal resistance, and the odds of reaching it are strong. Why? Because the breakout has already been confirmed by a successful retest – price dipped back to the broken boundary and bounced higher, showing that buyers are defending their newly gained ground.
That said, the long-term bullish confirmation will only be locked in if price can clear the green resistance. Until then, the setup is bullish but with one final hurdle to overcome before opening the door to a much bigger upside move.