EURAUD Reversal
Euro Fx/Australian Dollar FX:EURAUD
A double top followed by a clear break of the blue zone has triggered my sell signal. The next key area of resistance would be 1.54500 area. Let’s see what happens.
Reasons to enter a sell trade:
– a double tops meaning a reversal could be on the cards.
– price has moved away from the outer Bollinger band
– RSI shows a downwards divergence
– a clear break of 1.56500 level/zone
– the MAs are now facing downwards
– No major news for either EUR or AUD till Thursday 15th