EUR/AUD Analysis: Bearish Outlook Signals Downside Momentum
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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
Nota
Having achieved a gain of +45 pips, which is more than 50% of the overall target, there are still opportunities to the downside.Nota
Price objective fully met. (+90Pips)Trade fechado: objetivo atingido
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