EURAUDEuro/Australian DollarFX:EURAUDWinlouh🔎 Market Context Structure: Bearish (strong downtrend) Current phase: deep pullback after extended drop Price reacting from 0.9 fib / major demand zone 🧠 Key Insight 👉 This looks like: Relief rally after exhaustion → corrective bullish move Sharp sell-off → exhaustion at lows Strong bullish reaction → buyers stepping in Current move = retracement, not reversal (yet) 📍 Key Levels 🔵 Demand (Base) 1.6050 – 1.6200 → strong support (reaction zone) 🔴 Resistance / Targets 1.6940 (0.618) → first major resistance 1.7250 (0.5) → key HTF level 📉📈 Scenarios ✅ Primary (Bullish correction) Continue push up to: 1.6940 Possibly 1.7250 ⚠️ Alternative (trend continuation) Rejection from 1.6940 → resume bearish trend downward