EURAUD: A Risky and Bearish Trading Setup

5 天前

EURAUD: A Risky and Bearish Trading Setup

Since Wednesday, EURAUD has surged over +370 pips in just two days, despite the move lacking a clear catalyst. It appeared to be a pure bullish impulse. Notably, AUD failed to show strength even after the U.S.–China trade agreement, which would typically support the Australian dollar.

However, today’s geopolitical escalation—Israel’s military strike on Iran—triggered a price reaction near the 1.7880 level.

While the setup remains risky, there’s a reasonable chance the pair may retrace just as swiftly as it rallied.

🎯 Key downside targets to watch: • 1.7700 • 1.7610 • 1.7510

You may find more details in the chart!
Thank you and Good Luck!

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