EUR/USD is now forming a possible head and shoulder pattern where the right shoulder is at the daily support. We might see a short term pull back to the major resistance before continuing the downtrend.
GBP/AUD has broken the daily support which is now becoming the resistance. The price then pulled back to that area and got reject by showing the bearish engulfing on the 4hr chart. We expect to see the price continue the downtrend to the next major support at around 1.82 area.
EUR/AUD is now at the major support after the recent drop. We might see a possible pullback from here before another big drop. This gives us the opportunity for a short-term countertrend up to the major resistance.
