EURAUD: Breakout & Bearish Continuation 🇪🇺 🇦🇺

Short

Euro / Australian Dollar (OANDA:EURAUD)

OANDA:EURAUD Euro / Australian Dollar

Parallel Channel Rectangle Wave Analysis EURAUD euro australiandollar aud forecast swing swingtrading swingtrader swingtrade

parallelchannel rectangle waveanalysis euraud euro australiandollar aud forecast swing swingtrading swingtrader swingtrade

snapshot

EURAUD broke and closed below a support of a horizontal trading range on a daily.

Taking into consideration the fact that the pair is trading in a minor bearish trend
since the middle of August, such a violation may signify the remaining strength
of the sellers.

I expect a bearish continuation to 1.6275

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