EURAUD: Bearish Setup Reloading
Over the past two weeks, EURAUD has fallen by around 330 pips—a significant move, especially considering the economic calendar was mostly quiet.
This kind of decline without major news suggests that momentum alone is driving the market, not fundamentals.
Right now, I expect a short pause or correction before the next leg down. The correction zone I’m watching is between 1.7835 and 1.7935—a potential area where price could bounce slightly before resuming its bearish trend.
If EURAUD breaks below the current pattern, the chances of a deeper drop increase.
Key support zones to watch are:
1.7690
1.7530
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Over the past two weeks, EURAUD has fallen by around 330 pips—a significant move, especially considering the economic calendar was mostly quiet.
This kind of decline without major news suggests that momentum alone is driving the market, not fundamentals.
Right now, I expect a short pause or correction before the next leg down. The correction zone I’m watching is between 1.7835 and 1.7935—a potential area where price could bounce slightly before resuming its bearish trend.
If EURAUD breaks below the current pattern, the chances of a deeper drop increase.
Key support zones to watch are:
1.7690
1.7530
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.