Euro / Australian Dollar

Short

EURAUD: Pullback From Trend Line

By VasilyTrader

Updated

snapshot

EURAUD reached a strong major daily trend line.

On that the price was nicely rejected and just recently formed a bearish engulfing candle.
Moreover, if you zoom out the chart you may see a tiny little double top there.

I guess the pair is quite overbought now and pullback will follow.

Goals:
1.5825
1.5805

Note

Check my new idea on AUDJPY:

AUDJPY: Channel Classic Short

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