On the Daily time frame, the EURAUD
is starting to look rather overbought. It has formed a very nice trendline
on the 240 minute chart. Ideally, I would really like to see this get up to 1.6585 area before dropping, but I do not expect that to happen.
I am not shorting yet, but I am watching this pair closely for opportunities to sell.
If you want to see my live trading account, you can go to the Darwinex website and search for BPX. There you can see it.