Thursday, October 15, 2026

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EUR/AUD drops below 1.6900, approaches lower bollinger bands

• EUR/AUD dipped on Wednesday as euro was weighed down amid worries about ECB bond-buying programme. • EUR/AUD hit daily low at 1.6765, before bouncing slightly. Support at 1.6605(Lower BB) are now threatened. • Technica…

By FxWirePro Team
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EUR/AUD drops below 1.6900, approaches lower bollinger bands
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• EUR/AUD dipped on Wednesday as euro was weighed down amid worries about ECB bond-buying programme.

• EUR/AUD hit daily low at 1.6765, before bouncing slightly. Support at 1.6605(Lower BB)  are now threatened.

• Technical signals  favours  bearish sentiment, RSI is at 41 and pair trades below 11  & 21-DMAs.

• Resistance is located at 1.6898 ( 5 DMA) and at 1.6960 (23.6% fib).

• Support is found at 1.6605 (Lower BB) and at 1.6537 (200 DMA).

Recommendation: Good to sell   around 1.6850, with stop loss of 1.7200 and target price of 1.6650.
 

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By FxWirePro Team