EURAUD: Bearish Outlook 🇪🇺🇦🇺

Short

Euro / Australian Dollar (OANDA:EURAUD)

OANDA:EURAUD Euro / Australian Dollar

Parallel Channel Rectangle Multiple Time Frame Analysis EURAUD euro australiandollar aud forecast swing swingtrading swingtrade Contains image

parallelchannel rectangle mtfa euraud euro australiandollar aud forecast swing swingtrading swingtrade containsimage

snapshot

EURAUD is trading on a key weekly structure resistance.
Once the underlined area was reached, the pair started to trade within a horizontal range for 9 consequent trading days.
Its support was finally broken yesterday.

I think that the pair may drop now.
Targets: 1.593 / 1.5717

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