Our way of thinking: EUR/AUD

EUR/AUD – downtrend, short-term short

The price has crossed below levels of support 1.4727 – negative

Negative indicators: RSI is below 50, CCI(50) is below 0

Moving averages in bearish formation, 13ЕМА below 25 ЕМA

Correction to the  horizontal resistance 1.4727, suitable level for short position

The sentiment is for the AUD

Stefan D. Angelov – Head of Stocks Trading

 Varchev Traders

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