EURAUD - Stay with the trend and Sell.

FX:EURAUD   Euro Fx/Australian Dollar
140 4 1
Daily: today price action so far looks like printing reversal hammer candle at the Kumo support, but of course closing is everything. Slow Stoch still overbought, MACD histogram started to decrease. If the trend holds, the cross will likely retest the previous low, which with a stop at 1,4550 provides a 2,70 risk/reward.

4 Hrs: Double top at Key resistance? Inner trendline break? Price is about to cross below Kijun Sen. Slow Stoch turning down, DMI             lines closing in. For the bearish momentum to gin power Price will also have to break below 1,4178, which is now the lower resistance: horizontal key level, Kumo and 100 WMA on 4 Hrs, also Kijun Sen is there on Daily chart . That break would have a minimum measured tgt             at 1,38 from the double top pattern.

A break above the cloud and especially above the 1,4550 key level would invalidate the trade idea.