EURAUD now formed a double top which means the currently uptrend will be changed to long term downtrend ,now they are sitting at 0.382 fib support and in my opinion from here will grow till 0.5 fib resistance which is 1.596 . If they can t break this resistance the price will go down and also this double top chart pattern will be confirmed
Entry in 1.596 with target 1.566 .
SL 1.599
Stoch is too oversolded so in my opinion will test 1.595-1.596 which is a fib resistance and also will going down
MACD bearish/selloff volume increased but they need to calm down a little bit and make a short upward correction
RSI near oversold zone
Entry in 1.596 with target 1.566 .
SL 1.599
Stoch is too oversolded so in my opinion will test 1.595-1.596 which is a fib resistance and also will going down
MACD bearish/selloff volume increased but they need to calm down a little bit and make a short upward correction
RSI near oversold zone