FX.co ★ vbahringer | EUR/AUD

Hello traders, the Australian dollar is strengthening against the euro in the EURAUD pair. Buyers have tried twice to push the price above 1.6600 and hold above this level, but without success. Currently, sellers are attempting to establish a foothold below 1.6540; if they succeed, the next target could be 1.6500. After a successful break below 1.6500, the decline in EURAUD could continue towards 1.6450, 1.6420, and 1.6355. If holding below 1.6540-1.6500 fails, buyers may attempt a retest of 1.6600. A breakout above 1.6600 could lead to an increase towards 1.6630, 1.6665, and 1.6695-1.6705. Once above 1.6705, the upward movement could extend towards 1.6725, 1.6755, and 1.6785.