Bearish flag Into Key Retracement Zone suggesting likely bearishLast week, we highlighted the strong bullish breakout on EURAUD and noted how price paused just below the major resistance at 1.87487, forming a rejection wick. At that point, we were watching for either early selling pressure or simply a breather before continuation.
The current pattern suggests a likely bearish breakout from the wedge.
We're now focusing on the 1.73434–1.73242 zone as a high-probability area for a pullback and bullish continuation.
This perfectly aligns with what we shared last week — watch that zone closely.
If the market respects that level, we could see another leg up toward 1.87487
