EURAUD
Updated
As we can see the price formed an exact same height double top but before that it tested the same 2 more times. It's currently testing the support level at 0 fib level which matches the support found at the 27th of January. More confirmation in needed before proceeding to a trade. It hasn't managed to break the trendline resistance, I am expecting to bounce back at the resistance line before going further down or up.
Note
EDIT: Whatcing the chart closer we can see descending triangle being formed which means that the price will continue falling down
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.