EURAUD Daily Chart
1) We have A Double Top In PP 1.63544
2) Bar Pattern (But, here the pair is overshadowed by positive RSI divergence which shows decreasing downside momentum. As such, this could precede a turn higher towards 1.5772. Climbing above that exposes a former range of support between 1.60128 and 1.59855. Thus, the EUR/AUD technical outlook will have to be slightly bullish.)
3) EUR/AUD has breached the range of lows from August, opening the door to reaching the June low at 1.52755 and perhaps beyond.
2) Bar Pattern (But, here the pair is overshadowed by positive RSI divergence which shows decreasing downside momentum. As such, this could precede a turn higher towards 1.5772. Climbing above that exposes a former range of support between 1.60128 and 1.59855. Thus, the EUR/AUD technical outlook will have to be slightly bullish.)
3) EUR/AUD has breached the range of lows from August, opening the door to reaching the June low at 1.52755 and perhaps beyond.
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