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VF opinion: EUR / AUD is likely downtrend

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EUR / AUD continued downtrend lower highs and deep lows, the opportunity to sell

Stoch levels of border 20 breakout confirmation of downtrend

RSI break of 50 levels, movement is short

A break of support and test the latest bar. Break Fibo 50 and a possible test of Fibo 38.2. The appearance of the bar reverse the trend, then is absorbed by the bar in the direction of the trend is seen as confirming the movement formation

ECB will probably increase quantitative easing due to the not good indicators for the euro area economy. This will further put pressure on the euro

E.Dimitrov Yrtrader


 Varchev Traders
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