EURAUD – Bearish Setup | Ascending-LINE Break? key demand zone!
EURAUD has broken below its ascending trendline after rejecting the 1.760 supply zone This move signals a shift in structure supported by bearish pressure and potential continuation toward key demand levels Structure & Technical Outlook Price rejected the resistance at 1.764 failing to break higher Broke below ascending structure confirming trendline weaknessClean downside targets visible at POIs: 1.747 and 1.738 Overall structure points to distribution and bearish intent
Resistance: Levels 1.763 / 1.769
Support Levels Points 1.747 → 1.738 → 1.724
As long as EURAUD remains under 1.7638, bearish continuation is favored A break below 1.747 could open the path to 1.738 and even 1.724
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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.