EURAUD to continue in the downward move?EURAUD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Short term RSI has turned negative.
Risk/Reward would be poor to call a sell from current levels.
The measured move target is 1.7400.
We look to Sell at 1.7450 (stop at 1.7500)
Our profit targets will be 1.7350 and 1.7325
Resistance: 1.7450 / 1.7500 / 1.7510
Support: 1.7400 / 1.7375 / 1.7350
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