FX:EURAUD   Euro / Australian Dollar
18 0 0
Eur continues to extend losses against the Aussie.The pair is looking incredibly bearish in the near term.With a move back below the 0.618 % area.It seems we can continue moving lower and probably consider the 0.764% area as a next decent area for a rebound.Keep in mind that this bearish range the pair is trading in is getting tighter with each day.A breakout of this structure and a close above 1.4836 may produce good buying opportunities as the pair may head higher for some meaningful correction before resuming lower
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