EURAUD short

There's some basic indicator/technical analysis is used.
1) MACD
2) MA 200
3) trend pattern
4) fibo

a. MACD shows that the falling trend will be continued
b. MA 200 shows that the upward trend is abnormal, the trend will fall back to MA 200
c. The trend pattern, it is the triangle. With the aid of Fibonacci, we can draw as figure shown.

Fundamental analysis.

AUD last week is the most powerful currency. It might be due to China to start back to progress.
Whereas EUR, Italy now facing a very serious problem.
According to Trading Economics, Italy has a very serious GBP/DEBT ratio, around 130%++.
Aspect EUR will fall compared to strong currency AUD.