EURAUD has broken its 10 year long weakly trend in Feb 2021. Retesting completed in Jan/21. It has completed its Distribution phase. Now it is in Mark-Down phase. Every pull back will be an excellent short-sell opportunity. Presently, it is forming sideway channel. Watch out two levels. Either short at 1.58325 with SL at1.58425 OR short at below 1.52825. Breakdown below 1.52825 will lead it to 1.50500 and 1.48500.
Comment:
It has developed RSI bearish divergences. So sell on current market price with SL at 1.55120 and TP 1.52825