July 12, 2025 a 05:08 am
EURAUD: Fibonacci Analysis
The EURAUD currency pair has shown an interesting market dynamic over the past months. Recently, there has been a dominant uptrend forming from the lows seen in early 2025. Understanding this trend and its potential retracements is key for investors. This analysis seeks to leverage Fibonacci levels to pinpoint potential support and resistance zones.
Fibonacci Analysis
| Attribute | Details |
|---|---|
| Trend Start Date | 2025-03-02 |
| Trend End Date | 2025-07-11 |
| High Point (Price and Date) | 1.80352 on 2025-07-07 |
| Low Point (Price and Date) | 1.67368 on 2025-03-02 |
| Fibonacci Level | Price Level |
|---|---|
| 0.236 | 1.70495 |
| 0.382 | 1.73438 |
| 0.5 | 1.7386 |
| 0.618 | 1.75452 |
| 0.786 | 1.7806 |
The current price is seen around 1.77647, which places it near the 0.786 Fibonacci level. This may suggest a potential resistance zone, indicating a possible reversal or continuation of the upward trend.
Technically, this could imply that if EURAUD sustains above 0.786, it may continue upwards, otherwise a correction might be imminent.
Conclusion
The EURAUD has demonstrated an uptrend since early 2025, with the potential for further gains if current levels hold. While Fibonacci retracement levels indicate possible resistance, surpassing these levels could validate the strength of the upward trend. Traders should be watchful for market signals that reinforce these levels as support or signal a reversal. Given this analysis, opportunities may arise for both short-term corrections and long-term positioning. Nonetheless, vigilance is required as market volatility persists, presenting both opportunities and risks.