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EURAUD: ⬇️ Sell
– EURAUD broke strong support level 1.7465
– Likely to fall to support level 1.7245
EURAUD currency pair recently broke below the strong support level 1.7465 (which is the lower border of the sideways price range inside which the pair has been trading from May).
The breakout of the support level 1.7465 accelerated the active downward wave c of the ABC correction 2 from October.
Given the strongly bullish Australian dollar sentiment, EURAUD currency pair can be expected to fall to the next support level 1.7245 (former monthly low from May).
Source: https://fxpro.news
