Description
⋅ EURAUD might soon experience a great selling pressure. This should become possible due to several reasons:
1. The pair has climbed up very high without a major correction. This is especially visible on a daily or 4 hour chart.
2. EURAUD is forming a corrective pattern after a minor impulse on an hourly chart. This might indicate that the pair will go down.
3. If price breaks below the trendline, this might cause a major correction down.