EUR/AUD Analysis: Bearish Outlook Signals Downside Momentum
Hello Traders,
The analysis on EURAUD indicates bearish sentiment. The currency pair faced rejection at a supply zone (which also coincides with the monthly resistance at 1.6655) and is within a downward channel, signaling a potential downtrend. Sellers are targeting the 1.6479 level, with a break below suggesting further decline to 1.6418, marking a key support level.
Cheers and happy trading
The analysis on EURAUD indicates bearish sentiment. The currency pair faced rejection at a supply zone (which also coincides with the monthly resistance at 1.6655) and is within a downward channel, signaling a potential downtrend. Sellers are targeting the 1.6479 level, with a break below suggesting further decline to 1.6418, marking a key support level.
Cheers and happy trading
Commento:
Having achieved a gain of +45 pips, which is more than 50% of the overall target, there are still opportunities to the downside.
Commento:
Price objective fully met. (+90Pips)
Trade chiuso: obiettivo raggiunto
