On the 1H chart, EURAUD has bounced strongly from a well-respected Support Zone, reclaiming ground above the 200 EMA, which now acts as a dynamic support. This strong reaction is in line with my bullish bias for the pair.
Fib extension levels are pointing toward upside targets, with the first key level at 1.7944 (1.618 Fib). If momentum holds, my next target is 1.7975 (Fib 2.0). A daily close above these zones could open the path for further gains toward the 1.8000+ psychological level.
📈 Bias – Bullish
📍 Key Support – Strong Support Zone & 200 EMA
🎯 Target Levels – 1.7944 → 1.7975 → 1.8000+
Fib extension levels are pointing toward upside targets, with the first key level at 1.7944 (1.618 Fib). If momentum holds, my next target is 1.7975 (Fib 2.0). A daily close above these zones could open the path for further gains toward the 1.8000+ psychological level.
📈 Bias – Bullish
📍 Key Support – Strong Support Zone & 200 EMA
🎯 Target Levels – 1.7944 → 1.7975 → 1.8000+
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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.