EURAUD Wave Analysis – 19 August 2026

EURAUD: ⬆️ Buy

– EURAUD reversed from support zone

– Likely to rise to resistance level 1.6500

EURAUD currency pair recently reversed up from the support zone between the support level 1.6260 (which has been reversing the price from July) and the support trendline of the daily Triangle from March.

This support zone was strengthened by the lower daily Bollinger Band – which helped form the daily Bullish Engulfing.

EURAUD currency pair can be expected to rise further to the next resistance level 1.6500, which reversed the previous correction (2) at the end of July.