EURAUD daily channel breakout, are we actually heading to 1.6490?

Brian Carter

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Joined
Oct 1, 2026
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Hey everyone, just looking at the charts and noticed EURAUD finally made a clean break out of that daily down channel we have been stuck in since July. It looks like wave 4 is kicking off properly after that bounce from the lows. Ngl, I am trying to figure out how to play this without getting chopped up on the retest.

If order flow really supports this push, I am curious how you guys are viewing that 1.6490 resistance level overhead. Are we expecting a sharp impulse straight into it, or do you think smart money is going to trap some breakout buyers here first before making a proper run? Wondering if anyone is scaling in long here or just waiting for a pullback to key support.
 
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