Signal_Centre

EURAUD - Potential double top forming

Short
FX:EURAUD   Euro / Australian Dollar
EURAUD is Bearish - We look to Sell at 1.6673

▪️ Short term bias is mildly bearish .
▪️ Bespoke resistance is located at 1.6673.
▪️ We have a 78.6% Fibonacci pullback level of 1.6700 from 1.6763 to 1.6469.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6673, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 1.6724
Target1: 1.6455
Target2: 1.6400