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      EURAUD Rejection at 1.67 Zone: Smart Money Selling Premiu

      Gerik

      Forex

      Summary:

      EURAUD is trading around 1.670–1.672, returning to a key supply zone seen earlier in February. The pair is driven by EUR recovery but now facing strong resistance where sellers previously dominated....

      Sell

      EURAUD

      EXP
      Trading

      1.67100

      Entry Price

      1.65500

      TP

      1.67800

      SL

      1.67384 +0.00002 +0.00%

      0

      Point

      Flat

      1.65500

      TP

      CLOSING

      1.67100

      Entry Price

      1.67800

      SL

      Overview

      Latest reliable data shows EURAUD recently traded around 1.61–1.62 range mid-March, confirming that the move to 1.67 is a strong expansion (~500+ pips rally) rather than stable trend continuation.
      Historically, the 1.67–1.68 zone has acted as major resistance multiple times in February 2026, where price repeatedly failed to break higher 
      This is critical:Current price = return to supply, not breakout
      That shifts strategy from trend-following → mean reversion / sell at premium

      Market Sentiment

      Sentiment is now overextended bullish in short-term, not sustainable.
      The move from ~1.61 → 1.67 is too aggressive without consolidation, meaning a large portion is driven by short covering + momentum chasing, not strong fundamental shift.
      At this level, institutions typically:Close longs + open shorts
      This is why rejection often happens sharply at these zones.
      Key insight:You are not selling weakness → you are selling strength at resistance

      Technical Analysis

      EURAUD Rejection at 1.67 Zone: Smart Money Selling Premiu_1
      On M15, price is touching the upper Bollinger Band (20,0,2) with expansion → signals overextension, not healthy trend continuation.
      Ichimoku (9,26,52) shows price far above cloud with large distance from Kijun-sen → mean reversion probability increasing sharply.
      Stochastic (5,3,3) is deep overbought and flattening → early signal of momentum exhaustion.
      Key levels:Resistance: 1.670 → 1.675Support: 1.662 → 1.655
      If rejection confirms → downside move toward 1.655 likely

      Trading Recommendation

      Entry: 1.6710
      Take Profit: 1.6550
      Stop Loss: 1.6780
      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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