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EURAUD: Bearish Accumulation

Short
Euro / Australian Dollar (OANDA:EURAUD)  
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OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Wave Analysis euro australiandollar EUR aud EURAUD Forex trading Technical Analysis Currencies
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trendanalysis chartpattern waveanalysis euro australiandollar eur aud euraud forex trading technicalanalysis currencies
snapshot

EURAUD is trading within a descending triangle formation on 4H.
With a sequence of lower highs and equal lows, the pair is preparing for an important breakout attempt.

1.6045 - 1.6065 is strong horizontal support.
In case of a bearish breakout of that (4H candle close below), chances will be high that new selling wave will start.

Goals will be:
1.60
1.5975


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