EUR/AUD Daily Outlook: Understanding Key Support Levels and Price Projections

Wednesday, 10 July 2024, 06:36
The EUR/AUD intraday bias is currently neutral, with a consolidation phase ongoing from 1.5996. The outlook remains bearish unless the 1.6211 support now turned resistance is breached. A break below 1.5996 could lead to a target of 1.5950, followed by a key support level at 1.5846.
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EUR/AUD Daily Outlook: Understanding Key Support Levels and Price Projections

EUR/AUD Daily Outlook

Intraday bias in EUR/AUD remains neutral for the moment. Consolidation from 1.5996 could extend further. Outlook will remain bearish as long as 1.6211 support turned resistance holds.

  • Break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950.
  • Firm break there will target 1.5846 key support next.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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