EURAUD reversed off its resistance at 1.5520 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.5431 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 94% where a corresponding drop is expected.
I totally agree. I would like to add that German Yields at some point yesterday got down by 20%. Same with France Yields. Nothing good coming out from Euro and Brexit. However I am a bit concern with AUD as it overbought and in NOV it rose by 5% on average. If there is a pullback in AUD then EURAUD short make take sometime to trigger.
ICmarkets
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@khansalarehsan, when do you think its likely for the pullback to occur?