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EUR/AUD Technical analysis

Short
Euro / Australian Dollar (FX:EURAUD)  
traderpulse  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns shortsetup rejection sellingpressure reversal
2
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trendanalysis harmonicpatterns shortsetup rejection sellingpressure reversal
The daily chart of EUR/AUD formed a double top pattern and made a strong downside.
The counter experienced a pullback and moved to double top’s support level.
This zone could face some serious selling pressure and we expect the counter to move towards the next support zone of 1.56216.
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