EURAUD: Pullback From Trend Line

Short

Euro / Australian Dollar (FX:EURAUD)

Updated

FX:EURAUD Euro / Australian Dollar

Trend Analysis Chart Patterns Wave Analysis forecast euro australiandollar aud EUR EURAUD swing price priceaction

trendanalysis chartpattern waveanalysis forecast euro australiandollar aud eur euraud swing price priceaction

snapshot

EURAUD reached a strong major daily trend line.

On that the price was nicely rejected and just recently formed a bearish engulfing candle.
Moreover, if you zoom out the chart you may see a tiny little double top there.

I guess the pair is quite overbought now and pullback will follow.

Goals:
1.5825
1.5805

Comment:

Check my new idea on AUDJPY:

AUDJPY: Channel Classic Short

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