EUR/AUD (2H) Professional Technical AnalysisEUR/AUDOANDA:EURAUDMarketStrategysignals📊🔥 EUR/AUD (2H) Professional Technical Analysis 🎯 Market Structure Overview The chart shows a strong bullish trend contained within a well-respected ascending channel. Price recently rallied aggressively after a clear Break of Structure (BOS) and created a series of higher highs (HH) and higher lows (HL), confirming bullish market structure. However, price is now approaching a critical decision area after rejecting a major supply zone. 🟢 Bullish Factors 🚀 1. Ascending Channel Remains Intact Price continues to trade inside the rising channel. The latest pullback is testing the channel's mid-to-lower support region. No major bearish structure break has occurred yet. 📈 2. Strong BOS Confirmation The BOS around 1.6320 signaled institutional buying interest. Since the breakout, buyers have maintained control and pushed price toward new highs. 🏦 3. Demand Zone Below Demand Area: 1.6340 – 1.6365 🟦 This zone represents: Previous accumulation area. Institutional buying interest. Potential liquidity attraction before another upward expansion. As long as this zone holds, bulls still have a chance to regain momentum. 🔴 Bearish Factors ⚠️ 1. Rejection From Supply Zone Supply Area: 1.6510 – 1.6525 🟥 Price attempted to break higher but was aggressively rejected. This indicates: Presence of sell-side liquidity. Profit-taking by buyers. Potential smart-money distribution. ⚠️ 2. Loss of Momentum Recent candles show: Smaller bullish bodies. Choppy consolidation. Failure to create a new higher high. This often precedes a deeper retracement. ⚠️ 3. Bearish Projection The drawn path suggests: 1️⃣ Minor bounce from current support. 2️⃣ Formation of a lower high. 3️⃣ Breakdown toward demand zone. This scenario aligns with typical liquidity engineering before continuation. 🎯 Key Levels LevelTypeImportance 🟥 1.6510 – 1.6525Supply ZoneMajor Resistance 🟡 1.6440 – 1.6460Intraday ResistanceLower High Area 🟦 1.6340 – 1.6365Demand ZoneMain Buy Zone ⚫ 1.6262Structural SupportKey Swing Level 🔻 1.6190Major SupportTrend Invalidity 📉 Bearish Scenario (Higher Probability) 🎯 Expected Path ➡️ Small relief rally ➡️ Rejection near 1.6440–1.6460 ➡️ Sell-off into demand zone ➡️ Test of 1.6350 region Target: 1.6360 – 1.6340 Probability: 65% 📊 📈 Bullish Scenario For buyers to regain control: ✅ Break above 1.6460 ✅ Retest and hold ✅ Attack supply zone at 1.6520 ✅ Close above channel highs Bullish Targets: 🎯 1.6520 🎯 1.6560 🎯 1.6600 Probability: 35% 📊 🏆 Smart Money Perspective 💡 The most attractive liquidity currently sits below price inside the demand zone. Institutional behavior often follows this sequence: 🔹 Sweep buyers near current levels 🔹 Create a lower high 🔹 Drive price into demand liquidity 🔹 Reaccumulate positions 🔹 Resume trend higher This makes the 1.6340–1.6365 demand zone the most important area to watch. 📌 Trading Bias 🐻 Short-Term Bias: Bearish Price is showing signs of exhaustion after rejection from supply. 🐂 Medium-Term Bias: Bullish The overall trend remains bullish unless 1.6262 breaks decisively. ⭐ Best Trading Opportunity Wait for: Rejection around 1.6440–1.6460 for short positions, or Bullish confirmation inside 1.6340–1.6365 demand zone for higher-probability long setups. Overall Rating: ⭐⭐⭐⭐☆ (4/5) Current Outlook: 📉 Pullback First → 📈 Trend Continuation Later.