EUR/AUD closed slightly higher at 1.51014 yesterday. The D1 chart opened today with a gap pattern, indicating that the bears are very strong today. In addition, the current price is unable to break through the upper resistance level, resulting in the price of further downside. The RVI indicator has also formed a death cross signal and is trying to break through the lower 0-axis. Once it breaks, it will usher in a downtrend.
The uptrend line currently formed on the H1 chart has been successfully broken, indicating that the trend has reversed. The SAR indicator also appears above the price and is very far from the price to further push the price down. The RSI indicator is currently in the 40 range, which is very conducive to pushing prices down.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
