FX:EURAUD   Euro / Australian Dollar
Possible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.


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