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Mihai_Iacob

EurAud- New drop to support

Short
Euro / Australian Dollar (FX:EURAUD)  
Mihai_Iacob  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD euraudshort euraudanalysis euraudsell euraudtrade euraudforecast euraudbearish
18
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trendanalysis chartpattern indicator euraud euraudshort euraudanalysis euraudsell euraudtrade euraudforecast euraudbearish
The long term trend for EurAud is down and, after correcting exactly in 1.56 resistance, the pair seems to resume its downward trajectory.
At the time of writing the pair is trading at 1.5440 and is just in confluence support.
I believe this support will fall and rallies should be sold
A break above resistance would negate this scenario
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