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EURAUD: ⬇️ Sell
– EURAUD falling inside sideways price range
– Likely to fall to support level 1.7600
EURAUD currency pair continues to fall inside the minor correction ii, which started earlier from the resistance level 1.8080 (upper border of the narrow sideways price range inside which the pair has been moving from June).
The active correction ii belongs to the impulse wave 3 of the intermediate impulse sequence (3) from the middle of May.
Given the strongly bullish Australian dollar sentiment seen today, EURAUD currency pair can be expected to fall to the next support level 1.7600, lower border of the active sideways price range.
Source: https://fxpro.news
