EURAUD
The break of 1.65367 for EURAUD on the daily timeframe is a significant development, indicating a potential trend reversal. But Sydney and Asian might buy back upto 0.6 fib level of yesterday sell candle and sell down from that level
2. Support Turned Resistance: The broken support level may now act as resistance, making it challenging for the pair to recover.
3. Targeting Lower Levels: The bearish confirmation suggests that EURAUD may target lower levels, potentially testing the next support zone which is also a demand floor and we will be watching the EUR BOND YIELD AND AUD BOND YIELD FOR CLEAR DIRECTIONAL BIAS.
2. Support Turned Resistance: The broken support level may now act as resistance, making it challenging for the pair to recover.
3. Targeting Lower Levels: The bearish confirmation suggests that EURAUD may target lower levels, potentially testing the next support zone which is also a demand floor and we will be watching the EUR BOND YIELD AND AUD BOND YIELD FOR CLEAR DIRECTIONAL BIAS.
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