EURAUD Chart Technical Outlook technical support is located at 1.6628, The move to the downside is mixed and volatile. This is common in corrective formations. Bespoke support is located at 1.6627. We have the projected support level for the AB leg completion from a Bat formation located at 1.6628.
Conclusion: I would expect volatility over today’s ECB meeting. With solid support at 1.6628-27, I would look for the dip to be bought. It should be noted that the anticipated move higher could be limited.
