EUR/AUD: Good levels for short positons

EUR / AUD: Daily schedule – increasingly lower highs

Price below 200 MA

Price action: Devouring a bar of resistance – a signal of decline


50 / 200MA: 50 under 200 – a negative signal

CCI (50) pivots from over-bought market – probably fall

SL: 1.51450

Alternative scenario: If the price crosses over 200m is possible to break the negative trend and see new upward momentum.


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