- EURAUD broke the support level 1.7600
- Likely to fall to support level 1.7465
EURAUD currency pair recently broke the support level 1.7600 (which is the lower boundary of the sideways price range inside which the pair has been trading from June).
The breakout of the support level 1.7600 accelerated the active short-term correction ii from the end of November.
Given the strongly bullish Australian dollar sentiment seen today, EURAUD currency pair can be expected to fall to the next support level 1.7465 (former monthly low from June).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.