EURAUD currency pair can be expected to fall to the next support level 1.6600 (which reversed the price earlier this month).
- EURAUD reversed from resistance area
- Likely to fall to support level 1.6600
EURAUD currency pair recently reversed from the resistance area located between the resistance support level 1.6820 (former support from the start of February, as can be seen from the daily EURAUD below), resistance trendline of the daily down channel from January and the 50% Fibonacci correction of the downward impulse from the start of February. The downward reversal from this resistance area continues the active impulse wave 5, which belongs to the downward impulse wave (C) from the end of 2025.
Given the strongly bullish Australian dollar sentiment seen across the FX markets today, EURAUD currency pair can be expected to fall to the next support level 1.6600 (which reversed the price earlier this month).
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