EUR/AUD: ⬆️ Buy
- EUR/AUD reversed from multi-month support at 1.6130
- It will likely rise to the resistance level 1.6385
The EURAUD currency pair recently reversed upward from the strong multi-month support level 1.6130 (the upper border of the narrow support area, which has been reflecting the price since mid-2024).
A bullish reversal from the 1.6130 support level stopped the previous weekly impulse wave C of the weekly bearish correction ABC (2) since the beginning of 2025.
Given the strength of the support level 1.6130 and the bullish divergence on the weekly RSI, the EURAUD pair is expected to rise to the next resistance level 1.6385.
