Euro / Dólar Australiano
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EURAUD Technical Outlook | Support Test After Channel Breakdown

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The EUR/AUD pair has been trading within a parallel ascending channel but recently showed signs of weakness near the upper boundary.

🔹 We saw a long period of consolidation in the highlighted zone, followed by a minor breakout that failed to gain momentum.

🔻 Price is now approaching a critical support level (~1.7258). A break below this zone could trigger strong bearish momentum and confirm a potential channel breakdown.

Key insights:

Consolidation breakout failed to sustain above the range.

Bearish pressure is building near the bottom of the channel.

Breakdown projection suggests targets near 1.7258 and lower.


📉 Trade idea: Watch for a clean break and retest of the support level for a potential short entry. Always use proper risk management and monitor price action confirmation.

What do you think – will the bears take over from here? Let me know in the comments! 👇

#EURAUD #Forex #TechnicalAnalysis #PriceAction #Breakdown #TradingView

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