Euro / Australian Dollar
Short

EurAud- New drop to support

730
The long term trend for EurAud is down and, after correcting exactly in 1.56 resistance, the pair seems to resume its downward trajectory.
At the time of writing the pair is trading at 1.5440 and is just in confluence support.
I believe this support will fall and rallies should be sold
A break above resistance would negate this scenario

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.