Forex 3.00
Posted August 11, 2026

EURAUD

Sell
SELL
Entry Price
1.6395

Signal Details

Direction
Sell
Entry Price
1.6395
Risk: Reward
1:1.17

Trade Levels

Stop Loss
1.6510
Take Profit 1
1.6300
Take Profit 2
1.6260

Technical Chart

Market Analysis

The currency pair is struggling to break above the critical resistance of 1.6400, with momentum pointing to a further decline. This setup anticipates a further push lower as sellers maintain control.

Key Indicators

  • Possible further pullback to attract late buyers and correct imbalances.

  • Supported by a downward-sloping moving average.

Fundamental Context

The Reserve Bank of Australia (RBA) kept its interest rate unchanged at 4.35%, in line with market expectations. The decision reflects the RBA’s cautious approach to assessing the inflation outlook and economic conditions.

Risk Alert

The short-term technical outlook for the currency pair has weakened, leading to some selling pressure.

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