Today, we managed to see a BULLISH candle retesting the trend resistance level, also testing our MA and EMA. As of now, I am expecting great bearish pressure on EURAUD and I am expecting a rejection from here. We will be eyeing for 461.8% fib level. However, do take note that we have yet to see any confirmation candle on this pair. Refer to lower timeframe for this. If we managed to see price breaking up our downtrend, do expect a strong BULLSIH retracement. As of now, I am BEARISH on this pair but do take note on the movement and adapt accordingly.
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