EURAUD reversed from resistance, potential drop!
EURAUD reversed off its resistance at 1.62552 where it could potentially drop further to 1.61788.
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Euraudbearish
EURAUD Harmonic Crab Pattern Analysis and Backup StrategyIn addition to our AB=CD harmonic pattern analysis we are seeing the formation of a Crab pattern as well. As a fallback strategy, if the resistance zone on the previous chart is broken then we are predicting the harmonic crab pattern to be completed before price falls to the targeted zones. We will post more updates as we see how the strategy plays out. FX:EURAUD