EURAUD: Very Bearish Trading Setup 🇪🇺 🇦🇺

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歐元/澳元 (OANDA:EURAUD)

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OANDA:EURAUD 歐元/澳元

Support and Resistance Supply and Demand Double Top or Bottom EURAUD swing swingtrading swingtrader swinganalysis euro australiandollar

supportandresistance supplyanddemand doubletoporbottom euraud swing swingtrading swingtrader swinganalysis euro australiandollar

snapshot

After a test of a key daily resistance, EURAUD formed a huge double top pattern.
The breakout of a neckline of the pattern is an important bearish confirmation.

We can anticipate a bearish movement to 1.6543 / 1.6489

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The market closed below the broken structure.
We will expect a bearish continuation next week

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