The EUR/AUD pair witnessed a steep bullish price action from the lows.
The RSI indicator is currently in an overbought zone.
The MACD histogram is also over-stretched.
Adding to that, the pair has bearish bat formation.
Hence we assume that the pair has made an over run and there is a good chance of throwback upto the support levels of 1.57270.
The RSI indicator is currently in an overbought zone.
The MACD histogram is also over-stretched.
Adding to that, the pair has bearish bat formation.
Hence we assume that the pair has made an over run and there is a good chance of throwback upto the support levels of 1.57270.