EURAUD INTRADAT corrective pullback supported at 1.7850The EURAUD pair is showing a bullish trend, supported by higher highs and higher lows. Recent price action suggests a pullback toward the 1.7850 level, which is a key support area from a previous consolidation.
If the pair bounces from 1.7850, it may resume its uptrend, targeting resistances at 1.8380, 1.8580, and potentially 1.9240 over the longer term.
However, if 1.7850 breaks down and there’s a daily close below it, the bullish outlook would be invalidated. This could trigger deeper downside toward 1.7400, then 1.7070.
Conclusion
Above 1.7850 = Bullish bias remains intact; watch for upside continuation
Below 1.7850 (daily close) = Bearish reversal risk; downside targets 1.7400 and 1.7070
Current sentiment: Bullish with pullback in progress – key level to watch is 1.7850
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