EURAUD - WHAT NEXT 1.6300 OR 1.5700?
On a weekly basis we are seeing very bearish signals with shooting stars and maruboza candles. However price sits above a monthly support yet to closure beneath.The current state of the daily candle looks like it has rejected the monthly well and has made a 4th trendline touch. I feel that price is overbought and will come lower. But when? I can see price pulling to a maximum height of 1.62-6300 before a break retest and continuation below the monthly to meet up with the grey daily key levels.
