EURAUD Currency Pair Analysis for August 20, 2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

August 20, 2026.

EURAUD

The trend is downward. The currency pair is trading in the range of the 365 and 135 EMAs. The Awesome Oscillator shows a bearish divergence, and the Stochastic Oscillator signals overbought conditions. The ascending truncated wave pattern ended with a breakout of the sloping channel.

Trading idea:

Sell on a breakout of 1.6395.

Stop Loss – 1.6437.

Target levels – 1.6357; 1.6320.