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      EUR/AUD Bearish Trend Persists

      Gerik

      Forex

      Traders' Opinions

      Summary:

      EUR/AUD continues to show bearish pressure with the pair still in a downtrend below key resistance and technical signals pointing to continuation lower. The broader trend remains downward as long as resistance levels hold, making sell-on-strength entries favorable...

      Sell

      EURAUD

      End Time
      CLOSED

      1.67200

      Entry Price

      1.66600

      TP

      1.67700

      SL

      1.67080 +0.00884 +0.53%

      313

      Points

      Profit

      1.66600

      TP

      1.66887

      CLOSING

      1.67200

      Entry Price

      1.67700

      SL

      Market Overview

      EUR/AUD has been trading in a broad bearish trend with recent price action showing the pair remaining below major resistance levels and moving averages. Technical summaries indicate a Strong Sell bias on daily and weekly timeframes, with multiple indicators and moving averages pointing toward weakness rather than strength. The outlook remains bearish while price stays below key resistance areas, and analysts forecast further declines if resistance remains intact. 

      Market Sentiment

      Sentiment around EUR/AUD is tilted toward sellers, particularly as price continues to struggle to reclaim higher levels. Technical indicators show bearish momentum on major timeframes, and analysts note that resistance near 1.7060 remains intact keeping the broader downtrend alive. As long as price fails to break above resistance, sellers maintain the edge.

      Technical Analysis

      EUR/AUD Bearish Trend Persists_1
      On the M15 timeframe, the basic trend for EUR/AUD remains bearish with price action confined below resistance and showing lower lows and lower highs characteristic of a downtrend. If price remains under resistance and fails to rally strongly above interim highs, bearish continuation targets become viable. Key downside support levels to watch are nearer 1.6600–1.6510, with resistance zones around 1.6900–1.7000 acting as sell entry areas on rallies. 

      Trade Recommendation

      Entry: 1.6720
      Take Profit: 1.6660
      Stop Loss: 1.6770
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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