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EUR/AUD Falling Channel Reversal Setup

The EUR/AUD pair is currently trading inside a well-respected falling channel structure on the 15-minute timeframe. Price action has been bouncing between a descending resistance trendline and a sloping support zone, confirming the integrity of the pattern. The pair recently rebounded from the lower boundary of the channel, indicating potential short-term bullish momentum ahead.

This setup highlights a typical channel reversal bounce, offering a high-probability trading opportunity if the pair maintains upward pressure.

📈 Bullish Scenario – Intraday Channel Rebound

The price has touched the support line near 1.7885 and is now climbing higher.
Based on previous cycles, price tends to move from support to resistance within this channel.
A bounce from this level may lead to a move toward the upper channel resistance zone around 1.7960–1.7970.
The blue arrows illustrate the expected zig-zag movement within the channel.

📉 Bearish Scenario – If Support Fails

If the price breaks below 1.7880, it would indicate a channel breakdown, invalidating the bullish setup.
Such a move could lead to fresh downside targets near 1.7850 or lower, continuing the micro downtrend.

🎯 Intraday Trade Plan

Buy Setup (Reversal Play):
Entry: 1.7895–1.7905 (after candle confirmation on support)
SL: Below 1.7875
TP: 1.7950–1.7970 (channel top)

Sell Setup (on rejection or breakdown):

Entry: Near 1.7960 resistance or breakdown below 1.7880
SL: Above 1.7980
TP: 1.7850 and below

🧭 Technical Outlook Summary

Pattern: Falling Channel
Bias: Short-term bullish (reversal from support)
Key Zones: 1.7885 support | 1.7960 resistance

Watch for breakout beyond channel for directional confirmation

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