EURAUD Energy buildup - coiling pattern

The EURAUD currency pair maintains a bullish bias, underpinned by the prevailing upward trend. Recent sideways consolidation in intraday price action suggests a potential continuation pattern within the broader uptrend.

The key level to watch is 1.7880, marking the lower boundary of the recent consolidation range. A corrective pullback toward this level, followed by a bullish bounce, could trigger a fresh rally targeting resistance levels at 1.8020, then 1.8060, and potentially 1.8090 over the medium term.

Conversely, a decisive breakdown below 1.7880, confirmed by a daily close beneath this support, would invalidate the current bullish outlook. This would expose the pair to deeper retracement targets near 1.7840, followed by 1.7810.

Trend Bias: Bullish above 1.7880
Key Support: 1.7880, 1.7840, 1.7810
Key Resistance: 1.8020, 1.8060, 1.8090

Conclusion:
EURAUD remains technically constructive while holding above 1.7880. Traders should monitor this level for bullish continuation signals. A bounce from this zone could reinforce the uptrend, while a break and close below it would shift momentum and open the door for a deeper corrective move.