EURAUD- BREAKOUT OF SYMM.TRIANGLE. DOWNTREND CONTINUATION PLAY?

Jun 30

Price has been in a downward play on the breakout of the symmetrical triangle pattern. Price looks like could retest RESISTANCE level before heading south. Watching pair closely as I look forward to SHORT scalping pair during intraday sessions till price eventually arrives at next SUPPORT level of 1.5900 - 1.5868.

Sentiment data shows a mixed reaction on EURAUD.

Jul 4

Note

Looking at H4 TF Price looks to be consolidating prior to continuing downtrend. AS mentioned earlier, Price eventually visited resistance. Will it revisit as it consolidates? If price breaks & closes above Resistance, then analysis is void. I still have a bearish bias on this pair.