EURAUD: Too Overbought Now?! 🇪🇺 🇦🇺
EURAUD looks overbought after a test of a wide daily resistance cluster.
As a confirmation, the price broke a support line of a rising channel
and a neckline of a double top pattern.
I anticipate a retracement at least to 1.6286.
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Forexdaytradingsignals
EURAUD: Classic Pullback Trade From Resistance 🇪🇺 🇦🇺
EURAUD looks quite oversold after a test of a wide, key daily resistance.
We see a double top formation after its test and a local sign of strength of
the sellers with the violation of its horizontal neckline.
The price may drop to 1.6267 level.
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