EUR/AUD 4-Hour Analysis

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EUR/AUD 4-Hour AnalysisEURO / AUSTRALIAN DOLLARFX_IDC:EURAUDAhmed_MoradOn the 4-hour timeframe, the EUR/AUD pair has recently started to rebound from the key support area at 1.7600, which also aligns with the lower boundary of the descending price channel. The current price level represents the 61% Fibonacci retracement of the previous broader upward move, with signs of a potential rebound emerging. Therefore, an upward move is expected, targeting 1.7777 followed by 1.8011. The bullish outlook remains valid as long as prices continue trading above 1.7444.