FX:EURAUD Euro Fx/Australian Dollar
The EUR/AUD is displaying signs for the continuation of the down-move. The pair has been in an up-trend for a while now, but the weekly shooting stars coupled with the impulse-sideways-impulse sequence possibility on the daily makes us interested sellers. Adding to that, we got a failed breakout higher on the daily, which ended up as a shooting star, followed afterwards by a engulfing. We also got a cross-over from overbought on the daily, coupled with a overbought reading on the weekly. All things considered, we’re sellers, aiming to join the newly formed trend on the EUR/AUD .