EURAUD: Very Bearish Trading Setup 🇪🇺 🇦🇺

Short

Euro / Australian Dollar (OANDA:EURAUD)

Updated

OANDA:EURAUD Euro / Australian Dollar

Support and Resistance Supply and Demand Double Top or Bottom EURAUD swing swingtrading swingtrader swinganalysis euro australiandollar

supportandresistance supplyanddemand doubletoporbottom euraud swing swingtrading swingtrader swinganalysis euro australiandollar

snapshot

After a test of a key daily resistance, EURAUD formed a huge double top pattern.
The breakout of a neckline of the pattern is an important bearish confirmation.

We can anticipate a bearish movement to 1.6543 / 1.6489

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Comment:

The market closed below the broken structure.
We will expect a bearish continuation next week

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