EURAUD – Bearish Setup | Ascending-LINE Break? key demand zone!

4 Haz

EURAUD has broken below its ascending trendline after rejecting the 1.760 supply zone This move signals a shift in structure supported by bearish pressure and potential continuation toward key demand levels Structure & Technical Outlook Price rejected the resistance at 1.764 failing to break higher Broke below ascending structure confirming trendline weakness
Clean downside targets visible at POIs: 1.747 and 1.738 Overall structure points to distribution and bearish intent

Resistance: Levels 1.763 / 1.769
Support Levels Points 1.747 → 1.738 → 1.724

As long as EURAUD remains under 1.7638, bearish continuation is favored A break below 1.747 could open the path to 1.738 and even 1.724

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5 Haz

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