alexkyp

EURAUD potential Sell

Short
FX:EURAUD   Euro / Australian Dollar
AUDUSD is trapped within the 31& 50 - 200 EMA , also there is expectations of upward trend because of the CPI release later on ! Then EURUSD face a significant downward trend as it has been overbought lately!
Also the pair has reached the daily trendline and is forming the second leg for 4HR m Formation.
Then there is significant resistance around the 1.5060 area