EURAUD Daily Chart

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1) We have A Double Top In PP 1.63544
2) Bar Pattern (But, here the pair is overshadowed by positive RSI divergence which shows decreasing downside momentum. As such, this could precede a turn higher towards 1.5772. Climbing above that exposes a former range of support between 1.60128 and 1.59855. Thus, the EUR/AUD technical outlook will have to be slightly bullish.)
3) EUR/AUD has breached the range of lows from August, opening the door to reaching the June low at 1.52755 and perhaps beyond.

Penafian

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