EUR/AUD:
The EUR/AUD weekly chart is still in a downtrend, and the Fibonacci backtest shows that EUR/AUD is rebounding after touching the 0.5 level. Looking back at the D1 chart, we can see that the uptrend line was successfully broken yesterday, indicating that the uptrend of the D1 chart has entered a sanitation. The current price is expected to be at a record low.
H1 chart price is also blocked with overhead resistance. And the evening star is formed on the last candlestick, and the price will continue to fall.
Order suggestion:
Wait for the callback to go short. The general trend can target new lows and short.
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.
