Technical analysis

EURAUD Wave Analysis – 6 January 2026 Wave Analysis – 6 January 2026

EURAUD: ⬇️ Sell

– EURAUD broke strong support level 1.7465

– Likely to fall to support level 1.7245

EURAUD currency pair recently broke below the strong support level 1.7465 (which is the lower border of the sideways price range inside which the pair has been trading from May).

The breakout of the support level 1.7465 accelerated the active downward wave c of the ABC correction 2 from October.

Given the strongly bullish Australian dollar sentiment, EURAUD currency pair can be expected to fall to the next support level 1.7245 (former monthly low from May).

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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