EURAUD made a significant move to the downside

kelmarin

EURAUD has made a significant move to the downside, which is particularly noteworthy given the lack of impactful economic data during this period. This indicates that the decline is likely driven by momentum and market sentiment, rather than by fundamental catalysts.

Technical Outlook:

The trend remains bearish, with no major support zones being respected on the way down. Momentum appears strong, but given the extent of the move, a short-term correction or pause is likely before further downside continuation 1.78600 – 1.79200 This zone could act as a short-term resistance, where price may pull back before continuing lower. I'm watching this area closely for signs of bearish rejection,

You may find more details in the chart.
Trade wisely best of luck buddies.

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kelmarin

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