Categories: Technical analysis

EURAUD Wave Analysis – 3 March 2025

– EURAUD broke key resistance level 1.6770

– Likely to rise to resistance level 1.6900

EURAUD currency pair today broke sharply above the key resistance level 1.6770, which stopped the earlier waves (2) and 2, as can be seen below.

The breakout of the resistance level 1.6770 accelerated the active short-term correction ii of the higher order impulse wave 3 from the start of February.

EURAUD currency pair can be expected to rise to the next resistance level 1.6900 (which reversed the price sharply at the start of August).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: EURAUD

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