Short

EURAUD DIVERGENCE

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Bearish divergence can be found on the 4hr timeframe. I believe this pair is destined for a drop weaker USD=stronger gold=strong aud. We can expect 1.565 in the coming days/weeks if it supports my analysis.

Note

EURAUD has respected the uptrend channel. I do feel that a downfall is inevitable for this pair, I still have my eyes set on 1.565.

Note

Forgot to mention that we have slowly been straying away from the upper trend line (resistance) showing weaker bullish momentum.

samedhuseyin

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