EUR/AUD Plausible price action
Hi traders!
Let's get into the TA analysis. The RSI has been decreasing for the past time while the price is rising. This bearish divergence is supported by the decreasing volume and the EMAs which are still moving upward but their angles get smaller and slanting. We have a support on this level thus we cannot be absolutely sure about the forthcoming movements of the price. Though, TP/SL ratio is 2:1 which is quite legit to rely on.
*Disclaimer: this is for educational purposes only*
Let's get into the TA analysis. The RSI has been decreasing for the past time while the price is rising. This bearish divergence is supported by the decreasing volume and the EMAs which are still moving upward but their angles get smaller and slanting. We have a support on this level thus we cannot be absolutely sure about the forthcoming movements of the price. Though, TP/SL ratio is 2:1 which is quite legit to rely on.
*Disclaimer: this is for educational purposes only*
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